Cambium Networks
CMBM

$1.67

2.05%

Market Cap: $47.1M

About: Cambium Networks Corp provides wireless broadband networking infrastructure solutions for network operators, including medium-sized wireless Internet service providers, enterprises, and government agencies. The company geographically operates in North America; Europe, Middle East and Africa; Caribbean and Latin America; and Asia Pacific. It derives maximum revenue from North America.

Employees: 625

Communication Services Radio & TV Broadcasting & Communications Equipment

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

4.8% less ownership

Funds ownership: 89.62% [Q1] → 84.82% (-4.8%) [Q2]

9% less funds holding

Funds holding: 80 [Q1] → 73 (-7) [Q2]

32% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 22

38% less capital invested

Capital invested by funds: $107M [Q1] → $66M (-$40.9M) [Q2]

60% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 35

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $13K

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$5

199%

upside

Avg. target

$6.50

289%

upside

High target

$8

379%

upside

2 analyst ratings

2 positive

100%

0 neutral

0%

0 negative

0%

Northland Capital Markets Tim Savageaux 40% 1-year accuracy 4 / 10 met price target	199%upside $5	Outperform Maintained	9 Aug 2024
Roth MKM Scott Searle 54% 1-year accuracy 20 / 37 met price target	379%upside $8	Buy Maintained	9 Aug 2024

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Financial journalist opinion

Based on 4 articles about CMBM published over the past 30 days

Zacks Investment Research

Cambium Aims to Bridge Chicago's Digital Divide: Stock to Benefit?

The initiative reflects CMBM's commitment to corporate social responsibility and its dedication to creating inclusive opportunities.

Cambium Aims to Bridge Chicago's Digital Divide: Stock to Benefit?

Cambium Networks Collaborates with QUILT and NODE Networks to Bridge the Digital Divide in Chicago

Collaboration Aims to Increase Access to Affordable High-Speed Broadband in Underserved Communities Benefitting Over 440,000 Households HOFFMAN ESTATES, Ill. , Aug. 29, 2024 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provider of wireless and wired networking solutions, today announced a strategic collaboration with QUILT, a 501(c)(3) nonprofit organization, NODE Networks, TMA Technology Solutions, and ComEd to enhance digital equity in underserved communities across Chicago as part of QUILT's Broadband Access for Brighter Futures Program.

Cambium Networks Collaborates with QUILT and NODE Networks to Bridge the Digital Divide in Chicago

Zacks Investment Research

Don't Overlook Cambium (CMBM) International Revenue Trends While Assessing the Stock

Explore how Cambium's (CMBM) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.

Don't Overlook Cambium (CMBM) International Revenue Trends While Assessing the Stock

Zacks Investment Research

Cambium (CMBM) Q2 Loss Wider Than Expected on Lower Revenues

A decline in net sales, high customer inventory levels and macroeconomic headwinds led to lower revenues for Cambium (CMBM) in second-quarter 2024.

Cambium (CMBM) Q2 Loss Wider Than Expected on Lower Revenues

Cambium Networks Corporation (CMBM) Q2 2024 Earnings Call Transcript

Cambium Networks Corporation (NASDAQ:CMBM ) Q2 2024 Results Conference Call August 8, 2024 4:30 PM ET Company Participants Peter Schuman - VP, Investor, Industry Analysts and Public Relations Morgan Kurk - President and CEO Jacob Sayer - CFO Conference Call Participants Scott Searle - Roth Capital Simon Leopold - Raymond James Operator Good afternoon. My name is Steven, and I will be your conference operator today.

Cambium Networks Corporation (CMBM) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Here's What Key Metrics Tell Us About Cambium (CMBM) Q2 Earnings

Although the revenue and EPS for Cambium (CMBM) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Cambium (CMBM) Q2 Earnings

Zacks Investment Research

Cambium (CMBM) Reports Q2 Loss, Tops Revenue Estimates

Cambium (CMBM) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to earnings of $0.03 per share a year ago.

Cambium (CMBM) Reports Q2 Loss, Tops Revenue Estimates

Cambium Networks Reports Second Quarter 2024 Financial Results

Revenues of $45.9 million increased 9% sequentially Gross margin of 31.4%, non-GAAP( 1) gross margin of 33.5% Operating loss of $12.1 million, non-GAAP( 1) operating loss of $7.9 million Net loss of $9.1 million or a loss of $0.33 per diluted share, non-GAAP( 1) net loss of $7.1 million or a loss of $0.25 per diluted share Net cash provided by operating activities of $2.4 million; $42.6 million cash on the balance sheet Adjusted EBITDA( 1) loss of $6.7 million or (14.5)% of revenues, an improvement of 57% sequentially HOFFMAN ESTATES, Ill. , Aug. 8, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ: CMBM), a leading provider of wireless and wired networking infrastructure solutions, today announced financial results for the second quarter 2024 ended June 30, 2024.

Cambium Networks Reports Second Quarter 2024 Financial Results

Cambium Networks and Cal.net Announce Advanced 6 GHz Fixed Wireless Broadband Network for Underserved Locations

HOFFMAN ESTATES, Ill. , Aug. 1, 2024 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading provider of wireless and wired networking solutions, and Cal.net, a premier provider of TV, Phone, and High-Speed Broadband services throughout the Central Valley and rural Northern California, today announced the deployment of a 6 GHz fixed wireless access (FWA) network following the recent approval by the United States Federal Communications Commission (FCC) for outdoor use of 6 GHz spectrum.

Cambium Networks and Cal.net Announce Advanced 6 GHz Fixed Wireless Broadband Network for Underserved Locations

Investors who lost money on Cambium Networks Corporation(CMBM) should contact Levi & Korsinsky about pending Class Action - CMBM

NEW YORK, NY / ACCESSWIRE / July 22, 2024 / If you suffered a loss on your Cambium Networks Corporation (NASDAQ:CMBM) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/cambium-networks-lawsuit-submission-form?prid=91690&wire=1 or contact Joseph E. Levi, Esq.

Investors who lost money on Cambium Networks Corporation(CMBM) should contact Levi & Korsinsky about pending Class Action - CMBM

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