Cambium Networks Co. (NASDAQ:CMBM – Get Free Report) has received an average rating of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $11.04.
Separately, Raymond James lifted their price target on shares of Cambium Networks from $5.25 to $5.50 and gave the company an “outperform” rating in a research note on Friday, February 16th.
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Cambium Networks Price Performance
Cambium Networks (NASDAQ:CMBM – Get Free Report) last announced its earnings results on Thursday, February 15th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.59). The firm had revenue of $40.21 million during the quarter, compared to analyst estimates of $41.82 million. Cambium Networks had a negative net margin of 28.87% and a negative return on equity of 30.83%. Equities analysts forecast that Cambium Networks will post -0.66 EPS for the current fiscal year.
Hedge Funds Weigh In On Cambium Networks
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in shares of Cambium Networks during the 3rd quarter worth approximately $63,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Cambium Networks during the third quarter worth $91,000. Merlin Capital Inc bought a new position in shares of Cambium Networks in the third quarter valued at about $92,000. Barclays PLC lifted its stake in shares of Cambium Networks by 77.8% during the 3rd quarter. Barclays PLC now owns 23,814 shares of the company’s stock worth $175,000 after buying an additional 10,420 shares during the last quarter. Finally, Quadrature Capital Ltd grew its stake in Cambium Networks by 54.2% in the 3rd quarter. Quadrature Capital Ltd now owns 34,357 shares of the company’s stock valued at $253,000 after buying an additional 12,072 shares during the last quarter. Institutional investors 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.
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