Cambium Networks Corporation (CMBM)

NASDAQ: CMBM · IEX Real-Time Price · USD
4.71
-0.04 (-0.84%)
Dec 5, 2023, 10:36 AM EST - Market open
-0.84%
Market Cap 130.30M
Revenue (ttm) 264.50M
Net Income (ttm) -14.56M
Shares Out 27.67M
EPS (ttm) -0.54
PE Ratio n/a
Forward PE 17.92
Dividend n/a
Ex-Dividend Date n/a
Volume 16,270
Open 4.70
Previous Close 4.75
Day's Range 4.63 - 4.73
52-Week Range 3.53 - 23.26
Beta 0.91
Analysts Buy
Price Target 10.19 (+116.35%)
Earnings Date Nov 2, 2023

About CMBM

Cambium Networks Corporation, together with its subsidiaries, designs, develops, and manufactures 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 access points which support cnMaestro and Xirrus XMS management. It also offers cnMatrix Ethernet enterprise switching solutions; cnMaestro and cnMa... [Read more]

Sector Technology
IPO Date Jun 26, 2019
Employees 650
Stock Exchange NASDAQ
Ticker Symbol CMBM
Full Company Profile

Financial Performance

In 2022, CMBM's revenue was $296.90 million, a decrease of -11.60% compared to the previous year's $335.85 million. Earnings were $20.20 million, a decrease of -46.02%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for CMBM stock is "Buy." The 12-month stock price forecast is $10.19, which is an increase of 116.35% from the latest price.

Price Target
$10.19
(116.35% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Nextlink Drives Gigabit Service Expansion with 6 GHz Fixed Wireless Technology from Cambium Networks

Major broadband service provider selects Cambium Networks technology for cost-effective buildout potentially reaching hundreds of thousands of residences ROLLING MEADOWS, Ill. , Nov. 14, 2023 /PRNewsw...

21 days ago - PRNewsWire

Cambium Networks Expands AI-powered Troubleshooting and Security

New cnMaestro™ release streamlines management of technically diverse campus networks. ROLLING MEADOWS, Ill.

4 weeks ago - PRNewsWire

Cambium Networks Reports Third Quarter 2023 Financial Results

Revenues of $43.0 million, decreased 28% sequentially, and decreased 47% year-over-year Gross margin of 25.5%, non-GAAP(1) gross margin of 27.7% Operating loss of $22.1 million, non-GAAP(1) operating ...

4 weeks ago - PRNewsWire

The Law Offices of Frank R. Cruz Continues Investigation of Cambium Networks Corporation (CMBM) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of Cambium Networks Corporation (“Cambium Networks” or the “Company”) (NASDAQ: CMBM) on behalf of investors c...

7 weeks ago - Business Wire

Broadband Service Providers in the USA Can Be at the Head of the Line for Offering 6 GHz Outdoor Fixed Wireless with Cambium Networks

ePMP 4000 platform delivers gigabit speeds, AFC interoperability and is ready for FCC to open the 6 GHz spectrum ROLLING MEADOWS, Ill. , Oct. 10, 2023 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), ...

2 months ago - PRNewsWire

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Cambium Networks Corporation (CMBM) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Cambium Networks ...

2 months ago - Business Wire

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Cambium Networks Corporation (CMBM) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Cambium Networks Corporation (“Cambium Networks” or the “Company”) (NASDAQ: CMBM) investors conce...

2 months ago - Business Wire

The Law Offices of Frank R. Cruz Announces Investigation of Cambium Networks Corporation (CMBM) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Cambium Networks Corporation (“Cambium Networks” or the “Company”) (NASDAQ: CMBM) on behalf of investors co...

2 months ago - Business Wire

Cambium Networks Corporation Announces Preliminary Third Quarter 2023 Revenues and Reporting Date

ROLLING MEADOWS, Ill. , Oct. 4, 2023 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ: CMBM), a leading provider of wireless networking infrastructure solutions, today announc...

2 months ago - PRNewsWire

Align Tactical Defense Communications in Seconds with Integrated Smart Antenna from Cambium Networks

Integrated PTP 700 smart antenna boosts signal quality while mitigating interference ROLLING MEADOWS, Ill. , Sept. 26, 2023 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provider o...

2 months ago - PRNewsWire

Gulf of Suez Petroleum Company (GUPCO) Improves Safety and Efficiency with Fixed Wireless Solutions from Cambium Networks and Systel Telecom

Oil producer creates blanket coverage over 150 km of onshore and offshore operations area ROLLING MEADOWS, Ill. , Sept. 25, 2023 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provi...

2 months ago - PRNewsWire

Cambium Networks Delivers Secure Fixed Wireless Broadband Solutions for Defense and Public Safety Applications

Global Defense & Security (GDS) practice and its partners deliver mission critical connectivity solutions that perform in demanding environments ROLLING MEADOWS, Ill. , Aug. 15, 2023 /PRNewswire/ -- C...

4 months ago - PRNewsWire

Wifinity Connects 550,000 Holiday Park Guests and One Million Devices with Cambium Networks Solutions

Vacationers in 20,000 caravans in 66 holiday parks across the UK enjoy exceptional digital experiences through fixed wireless technology ROLLING MEADOWS, Ill. , Aug. 10, 2023 /PRNewswire/ -- Cambium N...

4 months ago - PRNewsWire

CAMBIUM ALERT: Bragar Eagel & Squire, P.C. is Investigating Cambium Networks Corporation on Behalf of Cambium Stockholders and Encourages Investors to Contact the Firm

NEW YORK--(BUSINESS WIRE)-- #Action--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Cambium Networks Corporation (“Cambium”...

4 months ago - Business Wire

Cambium Networks Reports Second Quarter 2023 Financial Results

Morgan Kurk Announced as President & Chief Executive Officer Revenues of $59.5 million, decreased 23% sequentially, and increased 14% year-over-year Record Point-to-Point revenues of $25.1 million, up...

4 months ago - PRNewsWire

Wibernet Expands Multi-Gigabit Coverage with 5G Fixed Wireless Solutions from Cambium Networks

New 200 Mpbs and 50 Mbps packages are a win for customers  ROLLING MEADOWS, Ill. , July 27, 2023 /PRNewswire/ --  Cambium Networks (NADSAQ: CMBM), a leading global provider of networking solutions, an...

4 months ago - PRNewsWire

Cambium Networks Corporation Announces Second Quarter 2023 Reporting Date

ROLLING MEADOWS, Ill. , July 18, 2023 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ: CMBM), a leading provider of wireless networking infrastructure solutions, today announ...

4 months ago - PRNewsWire

Cambium Networks Drives Increased Momentum in Hospitality and MDU Markets on Surging Demand for Connectivity Solutions

Led by MSP partners, Cambium Networks' Wi-Fi, switching and cloud management products are helping hotels and multi-dwelling units raise bar on customer satisfaction. ROLLING MEADOWS, Ill.

5 months ago - PRNewsWire

Cambium Networks adds Gigabit FTTx Combo PON to its Fixed Wireless Portfolio Giving ISPs Unprecedented Flexibility

Cambium Networks' ONE Network enabled by cnMaestro™ management Solution Converges these technologies into a single pane of glass  ROLLING MEADOWS, Ill. , June 20, 2023 /PRNewswire/ -- Cambium Networks...

6 months ago - PRNewsWire

Fortune 1000 Energy Producer Reaps 3X Communications Capacity Gain with Cambium Networks and Future Technologies Venture

Advanced fixed wireless network deployment allows company to reach gigabit speeds as part of ongoing digital transformation plan ROLLING MEADOWS, Ill. , June 13, 2023 /PRNewswire/ -- Cambium Networks ...

6 months ago - PRNewsWire

Cambium Networks Appoints Archana Nirwan as Chief Human Resources Officer

ROLLING MEADOWS, Ill. , May 31, 2023 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provider of networking solutions, today announced the appointment of Archana Nirwan to Chief Huma...

6 months ago - PRNewsWire

Enterprises and Service Providers Boost Security and Network Automation with cnMaestro™ 4.0 from Cambium Networks

Managing the Technology Stack in a Single Framework Enhances the Security and Automation of Service Providers' Networks while removing complexity ROLLING MEADOWS, Ill. , May 16, 2023 /PRNewswire/ -- C...

7 months ago - PRNewsWire

Cambium Networks Reports First Quarter 2023 Financial Results

Revenues of $77.4 million, decreased 8% sequentially, and increased 25% year-over-year Enterprise revenues of $35.7 million, up 11% sequentially, and increased 130% year-over-year Gross margin of 51.2...

7 months ago - PRNewsWire

Property Owners and Managed Service Providers Improve Resident Online Experiences, Occupancy Rate and Revenue with Cambium Networks

Multi-dwelling unit (MDU) property owners can realize increased net operating income (NOI) while improving Wi-Fi coverage with Cambium's ONE Network solutions ROLLING MEADOWS, Ill. , April 27, 2023 /P...

7 months ago - PRNewsWire

Cambium Networks Corporation Announces First Quarter 2023 Reporting Date

ROLLING MEADOWS, Ill., April 17, 2023 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ: CMBM), a leading provider of wireless networking infrastructure solutions, today announ...

8 months ago - PRNewsWire