Zacks Research Issues Positive Estimate for CMBM Earnings

Cambium Networks Co. (NASDAQ:CMBM) – Stock analysts at Zacks Research upped their Q4 2024 earnings per share (EPS) estimates for Cambium Networks in a research note issued to investors on Tuesday, October 22nd. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of ($0.12) for the quarter, up from their previous estimate of ($0.13). The consensus estimate for Cambium Networks’ current full-year earnings is ($1.30) per share.

Cambium Networks (NASDAQ:CMBM) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.03). The company had revenue of $45.95 million during the quarter, compared to analyst estimates of $45.92 million. Cambium Networks had a negative net margin of 58.76% and a negative return on equity of 83.80%.

Other equities analysts have also issued research reports about the company. Northland Securities dropped their target price on Cambium Networks from $7.00 to $5.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Roth Mkm dropped their target price on Cambium Networks from $8.50 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 9th.

Cambium Networks Stock Up 8.2 %

Shares of NASDAQ CMBM opened at $1.19 on Thursday. The stock has a market cap of $33.20 million, a P/E ratio of -0.35 and a beta of 0.93. The company has a current ratio of 1.93, a quick ratio of 1.37 and a debt-to-equity ratio of 1.29. Cambium Networks has a 12-month low of $1.08 and a 12-month high of $6.50. The business’s fifty day simple moving average is $1.65 and its 200-day simple moving average is $2.48.

Institutional Trading of Cambium Networks

Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Cambium Networks during the second quarter worth about $52,000. Virtu Financial LLC acquired a new stake in shares of Cambium Networks during the first quarter worth about $73,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Cambium Networks during the second quarter worth about $187,000. Federated Hermes Inc. increased its position in shares of Cambium Networks by 13.5% during the second quarter. Federated Hermes Inc. now owns 305,164 shares of the company’s stock worth $851,000 after purchasing an additional 36,270 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Cambium Networks by 60.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 290,828 shares of the company’s stock worth $1,253,000 after purchasing an additional 109,837 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Cambium Networks Company Profile

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.