Cambium Networks Co. (NASDAQ:CMBM) Receives Consensus Recommendation of “Hold” from Brokerages

Cambium Networks Co. (NASDAQ:CMBMGet Free Report) has been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $10.33.

Separately, Roth Mkm lowered their price target on Cambium Networks from $9.75 to $8.50 and set a “buy” rating for the company in a report on Friday, May 10th.

Get Our Latest Stock Report on CMBM

Cambium Networks Trading Up 1.0 %

Shares of Cambium Networks stock opened at $2.92 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.97 and a debt-to-equity ratio of 1.08. Cambium Networks has a 12-month low of $2.81 and a 12-month high of $16.56. The company has a market capitalization of $81.46 million, a price-to-earnings ratio of -0.86 and a beta of 0.97. The firm’s 50-day moving average price is $3.51 and its two-hundred day moving average price is $4.24.

Cambium Networks (NASDAQ:CMBMGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.21). The firm had revenue of $42.34 million for the quarter, compared to analyst estimates of $45.57 million. Cambium Networks had a negative return on equity of 56.10% and a negative net margin of 50.94%. On average, analysts forecast that Cambium Networks will post -0.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cambium Networks

Several hedge funds have recently modified their holdings of the company. Barclays PLC raised its position in Cambium Networks by 77.8% in the third quarter. Barclays PLC now owns 23,814 shares of the company’s stock valued at $175,000 after purchasing an additional 10,420 shares during the last quarter. Quantbot Technologies LP bought a new position in Cambium Networks in the 3rd quarter valued at approximately $63,000. Janney Montgomery Scott LLC boosted its position in Cambium Networks by 885.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 98,601 shares of the company’s stock worth $723,000 after buying an additional 88,596 shares during the period. Acadian Asset Management LLC grew its holdings in Cambium Networks by 18.3% during the 3rd quarter. Acadian Asset Management LLC now owns 46,494 shares of the company’s stock worth $339,000 after acquiring an additional 7,207 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY acquired a new position in Cambium Networks in the 3rd quarter valued at approximately $1,043,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Cambium Networks Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Cambium Networks (NASDAQ:CMBM)

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