Northland Securities Lowers Cambium Networks (NASDAQ:CMBM) Price Target to $3.00

Cambium Networks (NASDAQ:CMBM) had its target price lowered by Northland Securities from $5.00 to $3.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Separately, Roth Mkm lowered their price target on 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 Trading Down 3.3 %

NASDAQ CMBM opened at $1.16 on Tuesday. 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 is $1.49 and its two-hundred day moving average is $2.20. The company has a market capitalization of $32.76 million, a price-to-earnings ratio of -0.38 and a beta of 0.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Cambium Networks by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 798,373 shares of the company’s stock valued at $3,441,000 after purchasing an additional 6,125 shares in the last quarter. Connors Investor Services Inc. lifted its position in shares of Cambium Networks by 13.5% during the first quarter. Connors Investor Services Inc. now owns 338,007 shares of the company’s stock worth $1,457,000 after purchasing an additional 40,179 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Cambium Networks by 60.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 290,828 shares of the company’s stock worth $1,253,000 after purchasing an additional 109,837 shares during the last quarter. Virtu Financial LLC acquired a new position in Cambium Networks during the 1st quarter worth $73,000. Finally, Federated Hermes Inc. boosted its position in Cambium Networks by 13.5% in the 2nd quarter. Federated Hermes Inc. now owns 305,164 shares of the company’s stock valued at $851,000 after buying an additional 36,270 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

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.