Cambium Networks (CMBM) Set to Announce Quarterly Earnings on Thursday

Cambium Networks (NASDAQ:CMBM) is set to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Cambium Networks to post earnings of ($0.17) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Cambium Networks (NASDAQ:CMBM) last released its earnings results on Thursday, August 8th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.03). Cambium Networks had a negative net margin of 58.76% and a negative return on equity of 83.80%. The company had revenue of $45.95 million during the quarter, compared to analyst estimates of $45.92 million. On average, analysts expect Cambium Networks to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cambium Networks Price Performance

Shares of CMBM opened at $1.33 on Wednesday. The stock has a market cap of $37.52 million, a P/E ratio of -0.37 and a beta of 0.97. Cambium Networks has a 1 year low of $1.08 and a 1 year high of $6.50. The stock’s 50-day moving average price is $1.57 and its two-hundred day moving average price is $2.31. The company has a current ratio of 1.93, a quick ratio of 1.37 and a debt-to-equity ratio of 1.29.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CMBM. Northland Securities reduced their price objective on shares of Cambium Networks from $7.00 to $5.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Roth Mkm reduced their price target on shares of Cambium Networks from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Friday, August 9th.

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.