Cambium Networks Corporation (CMBM)

NASDAQ: CMBM · IEX Real-Time Price · USD
23.06
+0.35 (1.54%)
Dec 2, 2022 4:00 PM EST - Market closed
1.54%
Market Cap 613.97M
Revenue (ttm) 291.10M
Net Income (ttm) 11.62M
Shares Out 26.98M
EPS (ttm) 0.41
PE Ratio 56.24
Forward PE 16.75
Dividend n/a
Ex-Dividend Date n/a
Volume 248,873
Open 22.45
Previous Close 22.71
Day's Range 22.33 - 23.12
52-Week Range 12.4 - 29.38
Beta 0.88
Analysts Buy
Price Target 28.85 (+25.1%)
Earnings Date Nov 3, 2022

About CMBM

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. The company offers point-to-point backhaul, point-to-multipoint distribution, Wi-Fi access, cnMatrix ethernet enterprise switching, cnReach IIoT, cnVision video surveillance transport, and cnMaestro a... [Read more]

Industry Communications Equipment
IPO Date Jun 26, 2019
CEO Atul Bhatnagar
Employees 573
Stock Exchange NASDAQ
Ticker Symbol CMBM
Full Company Profile

Financial Performance

In 2021, CMBM's revenue was $335.85 million, an increase of 20.61% compared to the previous year's $278.46 million. Earnings were $37.42 million, an increase of 101.46%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for CMBM stock is "Buy." The 12-month stock price forecast is 28.85, which is an increase of 25.11% from the latest price.

Price Target
$28.85
(25.11% upside)
Analyst Consensus: Buy
Stock Forecasts

News

3 Wireless Stocks Likely to Ride on Fast-Track 5G Deployment

The accelerated pace of 5G deployment should help the Zacks Wireless National industry thrive despite chip shortages and raw material price volatility. T, CMBM and STRY are well poised to make the most ...

Other symbols: STRYT
3 days ago - Zacks Investment Research

Wall Street Analysts Believe Cambium (CMBM) Could Rally 39%: Here's is How to Trade

The consensus price target hints at a 39% upside potential for Cambium (CMBM). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revi...

5 days ago - Zacks Investment Research

Here's Why Cambium (CMBM) is a Promising Portfolio Pick

With healthy fundamentals and upward estimate revisions, Cambium (CMBM) appears to be an enticing investment option at the moment.

5 days ago - Zacks Investment Research

Cambium (CMBM) Moves to Buy: Rationale Behind the Upgrade

Cambium (CMBM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

1 week ago - Zacks Investment Research

Can Cambium (CMBM) Climb 27% to Reach the Level Wall Street Analysts Expect?

The average of price targets set by Wall Street analysts indicates a potential upside of 26.8% in Cambium (CMBM). While the effectiveness of this highly sought-after metric is questionable, the positive...

3 weeks ago - Zacks Investment Research

Cambium (CMBM) Beats Q3 Earnings Estimates on Top-Line Growth

Record demand for Enterprise products and higher Point-to-Point revenues help Cambium (CMBM) to beat third-quarter 2022 earnings estimates.

4 weeks ago - Zacks Investment Research

Cambium (CMBM) Q3 Earnings and Revenues Surpass Estimates

Cambium (CMBM) delivered earnings and revenue surprises of 110.53% and 9.48%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

4 weeks ago - Zacks Investment Research

Cambium Networks Reports Third Quarter 2022 Financial Results

Revenues of $81.2 million, increased 17% sequentially, and 7% year-over-year Record Enterprise (Wi-Fi) revenues of $38.3 million, increased 60% sequentially and 257% year-over-year Gross margin of 50.7%...

1 month ago - PRNewsWire

Cambium Networks' cnWave 60 GHz V2000 is the Company's Fastest Ever Unlicensed Point-to-Point Fixed Wireless Solution...

Service providers, municipalities and enterprises can now deploy reliable multi-gigabit wireless backhaul for video surveillance or outdoor Wi-Fi ROLLING MEADOWS, Ill. , Nov. 1, 2022 /PRNewswire/ -- Cam...

1 month ago - PRNewsWire

Cambium (CMBM) Moves 6% Higher: Will This Strength Last?

Cambium (CMBM) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

1 month ago - Zacks Investment Research

Cambium Networks' New ONE Network for Enterprise and MSPs Simplifies Operations, Improves Efficiency and Enables Deli...

Powerful framework securely converges technologies from the edge to the cloud creating a single network platform for intelligent automation and application visibility and control ROLLING MEADOWS, Ill. ,...

1 month ago - PRNewsWire

New Cambium Networks Wi-Fi 6/6E Access Points Bring Premium User Experiences to Enterprises and Service Providers wit...

Indoor and outdoor solutions are fast and simple to deploy for lean IT teams and managed service providers (MSPs) ROLLING MEADOWS, Ill. , Oct. 18, 2022 /PRNewswire/ -- Cambium Networks  (NASDAQ: CMBM), ...

1 month ago - PRNewsWire

Cambium Networks Corporation Announces Third Quarter 2022 Reporting Date

ROLLING MEADOWS, Ill. , Oct. 10, 2022 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ: CMBM), a leading provider of wireless networking infrastructure solutions, today announce...

1 month ago - PRNewsWire

Cambium Networks Earns WISPA Service of the Year Award for Leadership in Network Planning Solutions

Honor Recognizes  cnHeat™ RF Mapping Tool Featuring Broadband Data Collection (BDC) Reporting ROLLING MEADOWS, Ill. , Oct. 6, 2022 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provi...

1 month ago - PRNewsWire

Cambium Networks Solves Network Complexity, Labor, and Spectrum Scarcity Challenges for Internet Service Providers wi...

New platform delivers Gigabit converged technology, application optimization, and intelligent automation along with 6 GHz technology to deliver outstanding online user experiences ROLLING MEADOWS, Ill.,...

1 month ago - PRNewsWire

3 Wireless Stocks Likely to Transcend Input Cost Volatility

The accelerated pace of 5G deployment should help the Zacks Wireless National industry thrive despite chip shortages and raw material price volatility. GOGO, ATNI and CMBM are well poised to make the mo...

Other symbols: ATNIGOGO
3 months ago - Zacks Investment Research

Wall Street Analysts Think Cambium (CMBM) Could Surge 49%: Read This Before Placing a Bet

The consensus price target hints at a 48.6% upside potential for Cambium (CMBM). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate re...

3 months ago - Zacks Investment Research

Cambium (CMBM) Q2 Earnings Beat Estimates, Revenues Lag

Cambium (CMBM) beats second-quarter earnings estimates despite soft revenues due to sluggishness from service providers.

3 months ago - Zacks Investment Research

Cambium (CMBM) Beats Q2 Earnings and Revenue Estimates

Cambium (CMBM) delivered earnings and revenue surprises of 200% and 1.20%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Cambium Networks Reports Second Quarter 2022 Financial Results

Revenues of $69.3 million, increased 12% sequentially, and decreased 25% year-over-year Enterprise Wi-Fi revenues of $24.0 million, increased 55% sequentially and 31% year-over-year Gross margin of 48.3...

3 months ago - PRNewsWire

MSP Nomosphère Blankets Paris Social Access Centers with Simple and Secure Enterprise Wi-Fi from Cambium Networks

Dedicated portal improves services delivered by thousands of social workers ROLLING MEADOWS, Ill. , Aug. 2, 2022 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provider of wireless ne...

4 months ago - PRNewsWire

Cambium Networks Fixed Wireless Broadband Technology Selected for National Defense Communications

Rapidly deployable infrastructure supports multiple missions in both garrison and tactical operations ROLLING MEADOWS, Ill. , July 28, 2022 /PRNewswire/ --  Cambium Networks  (NASDAQ: CMBM), a leading g...

4 months ago - PRNewsWire

Cambium Networks Corporation Announces Second Quarter 2022 Reporting Date

ROLLING MEADOWS, Ill. , July 13, 2022 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ: CMBM), a leading provider of wireless networking infrastructure solutions, today announce...

4 months ago - PRNewsWire

Cambium Networks Announces cnHeat™ with Integrated Broadband Data Collection (BDC) for Fixed Wireless Connectivity

Broadband service providers efficiently plan and deliver reliable service and meet FCC reporting requirements ROLLING MEADOWS, Ill. , July 12, 2022 /PRNewswire/ -- Cambium Networks  (NASDAQ: CMBM), a le...

4 months ago - PRNewsWire

Cambium (CMBM) Delivers Advanced Radios Under SSS Program

Cambium Networks (CMBM) plans to tap the growing demand for federal security surveillance systems by leveraging its wide range of defense portfolios.

4 months ago - Zacks Investment Research