CMBM has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Cambium Networks from a buy rating to a hold rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. upgraded shares of Cambium Networks from a neutral rating to an overweight rating and lifted their price target for the company from $7.00 to $9.00 in a research report on Tuesday, June 16th. Finally, Roth Capital assumed coverage on shares of Cambium Networks in a research report on Thursday, June 11th. They set a buy rating and a $10.50 price objective for the company. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $9.72.
Shares of NASDAQ:CMBM opened at $10.68 on Wednesday. Cambium Networks has a 12-month low of $3.57 and a 12-month high of $11.75. The business has a 50 day moving average of $6.01 and a 200-day moving average of $6.31. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.59 and a current ratio of 2.13.
Cambium Networks (NASDAQ:CMBM) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. Cambium Networks had a negative return on equity of 14.58% and a negative net margin of 7.83%. The company had revenue of $60.43 million during the quarter, compared to analysts’ expectations of $55.67 million. As a group, analysts expect that Cambium Networks will post 0.06 EPS for the current year.
Several large investors have recently made changes to their positions in CMBM. Needham Investment Management LLC increased its holdings in shares of Cambium Networks by 570.1% during the fourth quarter. Needham Investment Management LLC now owns 502,488 shares of the company’s stock worth $4,391,000 after buying an additional 427,500 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Cambium Networks by 51.3% during the first quarter. JPMorgan Chase & Co. now owns 756,734 shares of the company’s stock worth $4,237,000 after buying an additional 256,725 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Cambium Networks by 26.0% during the first quarter. BlackRock Inc. now owns 221,021 shares of the company’s stock worth $1,237,000 after buying an additional 45,566 shares in the last quarter. State Street Corp increased its holdings in shares of Cambium Networks by 215.0% during the fourth quarter. State Street Corp now owns 37,864 shares of the company’s stock worth $331,000 after buying an additional 25,843 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Cambium Networks by 1,119.8% during the fourth quarter. Meeder Asset Management Inc. now owns 20,737 shares of the company’s stock worth $181,000 after buying an additional 19,037 shares in the last quarter. Institutional investors own 88.64% of the company’s stock.
Cambium Networks Company Profile
Cambium Networks Corporation, through its subsidiaries, provides wireless broadband networking infrastructure products and solutions for network operators. Its wireless fabric includes intelligent radios, smart antennas, RF algorithms, wireless-aware switches, and network management software. The company offers point-to-point solutions that are connected to high-speed, high-bandwidth wireline networks; and wireless broadband backhaul to facilities or point-to-multipoint access points deployed throughout a network over distances of approximately 100 kilometers and at two gigabytes per second.
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