First Horizon Advisors Inc. raised its position in Cambium Networks Co. (NASDAQ:CMBM – Get Rating) by 314.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,736 shares of the company’s stock after buying an additional 1,317 shares during the period. First Horizon Advisors Inc.’s holdings in Cambium Networks were worth $43,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in CMBM. UMB Bank N A MO bought a new position in Cambium Networks in the 4th quarter valued at $46,000. Private Capital Group LLC boosted its position in Cambium Networks by 151.6% in the 4th quarter. Private Capital Group LLC now owns 2,061 shares of the company’s stock valued at $53,000 after buying an additional 1,242 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Cambium Networks by 536.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,107 shares of the company’s stock valued at $76,000 after buying an additional 1,776 shares during the last quarter. Heritage Wealth Management LLC bought a new position in Cambium Networks in the 3rd quarter valued at $79,000. Finally, US Bancorp DE bought a new position in Cambium Networks in the 3rd quarter valued at $127,000. Hedge funds and other institutional investors own 88.03% of the company’s stock.
A number of research analysts have recently weighed in on CMBM shares. The Goldman Sachs Group cut their price target on Cambium Networks from $47.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, April 14th. Northland Securities cut their price target on Cambium Networks from $50.00 to $30.00 in a research note on Monday, April 18th. Barrington Research downgraded Cambium Networks from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 14th. TheStreet downgraded Cambium Networks from a “c” rating to a “d+” rating in a research note on Friday, February 18th. Finally, Raymond James increased their price target on Cambium Networks from $35.00 to $43.00 and gave the company a “strong-buy” rating in a research note on Friday, February 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Cambium Networks presently has an average rating of “Hold” and an average target price of $36.10.
Cambium Networks (NASDAQ:CMBM – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.07). The business had revenue of $61.90 million for the quarter, compared to analyst estimates of $62.42 million. Cambium Networks had a return on equity of 15.77% and a net margin of 5.17%. The business’s quarterly revenue was down 30.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 EPS. Analysts predict that Cambium Networks Co. will post 0.28 EPS for the current fiscal year.
Cambium Networks Profile (Get Rating)
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.
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