NASDAQ:CMBM

Cambium Networks (CMBM) Stock Price, News & Analysis

$3.58
-0.45 (-11.17%)
(As of 05/10/2024 ET)
Today's Range
$3.56
$3.96
50-Day Range
$3.27
$4.64
52-Week Range
$2.92
$18.09
Volume
164,277 shs
Average Volume
112,180 shs
Market Capitalization
$99.85 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.33

Cambium Networks MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
188.6% Upside
$10.33 Price Target
Short Interest
Bearish
5.55% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.92
Upright™ Environmental Score
News Sentiment
-0.09mentions of Cambium Networks in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.66) to ($0.07) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.31 out of 5 stars

Computer And Technology Sector

269th out of 601 stocks

Radio & T.V. Communications Equipment Industry

8th out of 20 stocks

CMBM stock logo

About Cambium Networks Stock (NASDAQ:CMBM)

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. It also offers cnMatrix Ethernet enterprise switching solutions; cnMaestro and cnMaestro X network management platform that provide users with an integrated, intelligent, and easy to use tool for end-to-end network management; network planning tools, such as cnHeat, a network planning subscription service that provides a heat map coverage model display of locations for FWB connectivity; LINKPlanner that allows users to visualize and analyze hypothetical network deployment scenarios to evaluate performance and reliability; and cnArcher, a smartphone app that accelerates installation and deployment of fixed wireless products by field technicians. The company's products are used in broadband access, wireless backhaul, Internet of Things, public safety, national security, and defense communications networks, and Wi-Fi access applications. It serves public or private network operators; broadband internet service providers; mobile network operators; mid-market enterprises, such as education, hospitality, multi-dwelling units, and retail; state and local government; energy, mining, rail operator and utility industries; and military agencies in North America, Europe, the Middle East, Africa, the Caribbean and Latin America, and the Asia Pacific. The company was formerly known as Vector Cambium Holdings (Cayman), Ltd. and changed its name to Cambium Networks Corporation in 2018. Cambium Networks Corporation was founded in 2011 and is headquartered in Rolling Meadows, Illinois.

CMBM Stock Price History

CMBM Stock News Headlines

Shocking $16T Elon Musk Crypto Leak
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Cambium Networks earnings preview: what to expect
Shocking $16T Elon Musk Crypto Leak
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Cambium Networks names Jacob Sayer as new CFO
CMBM Oct 2024 5.000 call
7 F-Rated Tech Stocks Not Worth a Single Cent
Q4 2023 Cambium Networks Corp Earnings Call
See More Headlines
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Company Calendar

Last Earnings
5/09/2024
Today
5/12/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:CMBM
Fax
N/A
Employees
625
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$10.33
High Stock Price Target
$17.00
Low Stock Price Target
$5.50
Potential Upside/Downside
+188.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$-77,420,000.00
Pretax Margin
-28.90%

Debt

Sales & Book Value

Annual Sales
$220.20 million
Book Value
$2.93 per share

Miscellaneous

Free Float
11,771,000
Market Cap
$99.85 million
Optionable
Optionable
Beta
0.99
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Key Executives


CMBM Stock Analysis - Frequently Asked Questions

Should I buy or sell Cambium Networks stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cambium Networks in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CMBM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMBM, but not buy additional shares or sell existing shares.
View CMBM analyst ratings
or view top-rated stocks.

What is Cambium Networks' stock price target for 2024?

6 brokerages have issued twelve-month target prices for Cambium Networks' shares. Their CMBM share price targets range from $5.50 to $17.00. On average, they expect the company's stock price to reach $10.33 in the next year. This suggests a possible upside of 188.6% from the stock's current price.
View analysts price targets for CMBM
or view top-rated stocks among Wall Street analysts.

How have CMBM shares performed in 2024?

Cambium Networks' stock was trading at $6.00 at the start of the year. Since then, CMBM stock has decreased by 40.3% and is now trading at $3.58.
View the best growth stocks for 2024 here
.

When is Cambium Networks' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our CMBM earnings forecast
.

How were Cambium Networks' earnings last quarter?

Cambium Networks Co. (NASDAQ:CMBM) issued its earnings results on Thursday, May, 9th. The company reported ($0.53) EPS for the quarter, missing analysts' consensus estimates of ($0.32) by $0.21. The firm had revenue of $42.34 million for the quarter, compared to analysts' expectations of $45.57 million. Cambium Networks had a negative net margin of 50.94% and a negative trailing twelve-month return on equity of 48.62%.

What ETF holds Cambium Networks' stock?

iShares U.S. Digital Infrastructure and Real Estate ETF holds 29,704 shares of CMBM stock, representing 0.52% of its portfolio.

What guidance has Cambium Networks issued on next quarter's earnings?

Cambium Networks issued an update on its second quarter 2024 earnings guidance on Thursday, May, 9th. The company provided earnings per share (EPS) guidance of -0.240--0.190 for the period, compared to the consensus earnings per share estimate of -0.120. The company issued revenue guidance of $43.0 million-$48.0 million, compared to the consensus revenue estimate of $51.3 million.

What is Atul Bhatnagar's approval rating as Cambium Networks' CEO?

27 employees have rated Cambium Networks Chief Executive Officer Atul Bhatnagar on Glassdoor.com. Atul Bhatnagar has an approval rating of 95% among the company's employees. This puts Atul Bhatnagar in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Cambium Networks own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cambium Networks investors own include Occidental Petroleum (OXY), Alibaba Group (BABA), BCE (BCE), British American Tobacco (BTI), Carnival Co. & (CCL), Cinemark (CNK), Canadian Natural Resources (CNQ), Energy Transfer (ET), Etsy (ETSY) and General Motors (GM).

When did Cambium Networks IPO?

Cambium Networks (CMBM) raised $81 million in an initial public offering on Wednesday, June 26th 2019. The company issued 5,800,000 shares at $13.00-$15.00 per share. J.P. Morgan and Goldman Sachs served as the underwriters for the IPO and Deutsche Bank Securities, Raymond James, JMP Securities and Oppenheimer were co-managers.

Who are Cambium Networks' major shareholders?

Cambium Networks' stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (2.86%), Connors Investor Services Inc. (1.21%), Bridge City Capital LLC (0.96%), Acadian Asset Management LLC (0.05%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Alexander R Slusky, Bryan Sheppeck, Graaf Raymond De, Kevin J Lynch, Neal M Kurk, Ronald G Ryan, Sally Rau, Scott Imhoff, Vibhu Vivek and Vikram Verma.
View institutional ownership trends
.

How do I buy shares of Cambium Networks?

Shares of CMBM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CMBM) was last updated on 5/12/2024 by MarketBeat.com Staff

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