Cambium Networks Co. (NASDAQ:CMBM) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Cambium Networks Co. (NASDAQ:CMBM) have earned a consensus recommendation of “Hold” from the six research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $11.04.

Separately, Raymond James upped their price objective on shares of Cambium Networks from $5.25 to $5.50 and gave the company an “outperform” rating in a research report on Friday, February 16th.

Institutional Trading of Cambium Networks

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bridge City Capital LLC increased its position in shares of Cambium Networks by 2.9% in the first quarter. Bridge City Capital LLC now owns 268,231 shares of the company’s stock valued at $1,156,000 after acquiring an additional 7,605 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Cambium Networks by 16.2% in the fourth quarter. Vanguard Group Inc. now owns 792,248 shares of the company’s stock valued at $4,753,000 after buying an additional 110,304 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Cambium Networks during the 4th quarter worth approximately $374,000. Barclays PLC boosted its stake in shares of Cambium Networks by 80.3% during the 4th quarter. Barclays PLC now owns 42,934 shares of the company’s stock worth $258,000 after acquiring an additional 19,120 shares during the period. Finally, Vident Advisory LLC increased its holdings in shares of Cambium Networks by 239.2% during the 4th quarter. Vident Advisory LLC now owns 48,659 shares of the company’s stock worth $292,000 after acquiring an additional 34,312 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Cambium Networks Stock Down 4.7 %

Shares of Cambium Networks stock opened at $3.27 on Monday. Cambium Networks has a 12 month low of $3.24 and a 12 month high of $18.09. The business has a fifty day simple moving average of $4.25 and a 200 day simple moving average of $4.61. The company has a quick ratio of 0.99, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. The stock has a market cap of $91.10 million, a PE ratio of -1.42 and a beta of 0.94.

Cambium Networks (NASDAQ:CMBM) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.59). The firm had revenue of $40.21 million during the quarter, compared to analyst estimates of $41.82 million. Cambium Networks had a negative net margin of 28.87% and a negative return on equity of 30.83%. Research analysts predict that Cambium Networks will post -0.66 EPS for the current year.

About Cambium Networks

Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.