Cambium Networks Co. (NASDAQ:CMBM – Get Free Report) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $11.04.
Separately, Raymond James boosted their price target on Cambium Networks from $5.25 to $5.50 and gave the company an “outperform” rating in a report on Friday, February 16th.
Get Our Latest Analysis on Cambium Networks
Institutional Trading of Cambium Networks
Cambium Networks Trading Down 1.2 %
Cambium Networks stock opened at $3.43 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. Cambium Networks has a 52 week low of $2.92 and a 52 week high of $18.09. The company has a market capitalization of $95.56 million, a price-to-earnings ratio of -1.50 and a beta of 0.94. The stock has a 50-day moving average price of $4.21 and a 200 day moving average price of $4.56.
Cambium Networks (NASDAQ:CMBM – Get Free Report) last released its earnings results on Thursday, February 15th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.59). Cambium Networks had a negative return on equity of 30.83% and a negative net margin of 28.87%. The firm had revenue of $40.21 million for the quarter, compared to analyst estimates of $41.82 million. Sell-side analysts anticipate that Cambium Networks will post -0.66 EPS for the current year.
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.
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