Cambium Networks (CMBM) to Release Quarterly Earnings on Thursday

Cambium Networks (NASDAQ:CMBM) is expected to be releasing its earnings data 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 Stock Performance

Shares of CMBM opened at $1.35 on Thursday. The stock has a 50-day simple moving average of $1.00 and a 200-day simple moving average of $1.36. Cambium Networks has a 1 year low of $0.64 and a 1 year high of $4.92. The stock has a market capitalization of $38.12 million, a PE ratio of -0.45 and a beta of 1.12.

Analyst Ratings Changes

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

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.