Cambium Networks (CMBM) Projected to Post Earnings on Thursday

Cambium Networks (NASDAQ:CMBM) is expected to post its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect Cambium Networks to post earnings of ($0.14) per share and revenue of $42.98 million for the quarter.

Cambium Networks Trading Down 13.4 %

Shares of CMBM opened at $1.14 on Wednesday. The firm has a market cap of $32.05 million, a PE ratio of -0.37 and a beta of 1.12. The firm has a fifty day simple moving average of $1.02 and a two-hundred day simple moving average of $1.33. Cambium Networks has a 1-year low of $0.64 and a 1-year high of $4.92.

Wall Street Analyst Weigh In

Separately, Northland Securities decreased their target price on shares of Cambium Networks from $5.00 to $3.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th.

About Cambium Networks

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.