Cambium Networks (CMBM) to Release Earnings on Monday

Cambium Networks (NASDAQ:CMBM) is expected to release its results after the market closes on Monday, February 23rd. Analysts expect Cambium Networks to post earnings of $0.10 per share and revenue of $57.00 million for the quarter.

Cambium Networks Stock Performance

Shares of CMBM stock opened at $1.19 on Friday. The stock has a market cap of $33.61 million, a PE ratio of -0.57 and a beta of 1.98. Cambium Networks has a 1 year low of $0.23 and a 1 year high of $6.80. The stock has a fifty day moving average price of $1.49 and a 200 day moving average price of $1.39.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cambium Networks in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Cambium Networks to a “hold” rating in a research report on Saturday, November 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of Cambium Networks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp purchased a new stake in Cambium Networks during the first quarter valued at about $26,000. XTX Topco Ltd grew its holdings in shares of Cambium Networks by 38.1% during the 4th quarter. XTX Topco Ltd now owns 32,810 shares of the company’s stock worth $47,000 after purchasing an additional 9,056 shares during the period. Finally, State Street Corp grew its holdings in shares of Cambium Networks by 51.8% during the 4th quarter. State Street Corp now owns 60,390 shares of the company’s stock worth $87,000 after purchasing an additional 20,600 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

About Cambium Networks

Cambium Networks Corporation, founded in 2011 as a spin-out from Motorola Solutions and headquartered in Rolling Meadows, Illinois, is a global provider of wireless broadband infrastructure. The company designs and delivers fixed wireless networking solutions that enable high-capacity connectivity for service providers, enterprises, and government agencies. Cambium’s technology portfolio focuses on reliable, scalable links in challenging environments, offering alternatives to fiber and traditional wired networks.

The company’s core offerings include point-to-point (PTP) and point-to-multipoint (PTMP) wireless backhaul products that deliver gigabit-class throughput over distances up to tens of kilometers.