Cambium Networks (NASDAQ:CMBM – Get Rating) released its quarterly earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07), MarketWatch Earnings reports. The firm had revenue of $61.90 million during the quarter, compared to analysts’ expectations of $62.42 million. Cambium Networks had a return on equity of 38.12% and a net margin of 11.14%. The business’s quarterly revenue was down 30.1% on a year-over-year basis. During the same quarter last year, the business earned $0.70 earnings per share. Cambium Networks updated its Q2 guidance to $0.01-$0.11 EPS and its FY22 guidance to $0.28-$0.70 EPS.
Shares of Cambium Networks stock traded down $2.53 during trading hours on Friday, hitting $13.62. The company’s stock had a trading volume of 379,287 shares, compared to its average volume of 158,011. The business has a 50 day moving average price of $20.93 and a two-hundred day moving average price of $24.19. Cambium Networks has a 12-month low of $13.57 and a 12-month high of $61.41. The company has a market cap of $365.42 million, a PE ratio of 24.76, a PEG ratio of 2.13 and a beta of 0.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.20.
A number of equities analysts have recently issued reports on CMBM shares. JPMorgan Chase & Co. raised their price target on Cambium Networks from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 22nd. Raymond James raised their price target on Cambium Networks from $35.00 to $43.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 18th. The Goldman Sachs Group lowered their target price on Cambium Networks from $47.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, April 14th. TheStreet downgraded Cambium Networks from a “c” rating to a “d+” rating in a research report on Friday, February 18th. Finally, Barrington Research downgraded Cambium Networks from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $36.10.
About Cambium Networks (Get Rating)
Cambium Networks Corporation, through its subsidiaries, provides wireless broadband networking infrastructure products and solutions for commercial and government network operators. Its wireless fabric includes intelligent radios, smart antennas, radio frequency (RF) algorithms, wireless-aware switches, and cloud-based network management software.
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