Brokerages Set Cambium Networks Co. (NASDAQ:CMBM) PT at $10.33

Shares of Cambium Networks Co. (NASDAQ:CMBM) have received an average recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $7.50.

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

Cambium Networks Price Performance

Shares of NASDAQ:CMBM opened at $1.79 on Wednesday. The firm has a market cap of $49.93 million, a PE ratio of -0.52 and a beta of 0.95. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.33 and a current ratio of 1.97. Cambium Networks has a 52 week low of $1.76 and a 52 week high of $9.97. The firm’s fifty day moving average is $2.54 and its 200-day moving average is $3.53.

Cambium Networks (NASDAQ:CMBM) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.21). Cambium Networks had a negative net margin of 50.94% and a negative return on equity of 56.10%. The company had revenue of $42.34 million during the quarter, compared to the consensus estimate of $45.57 million. Sell-side analysts predict that Cambium Networks will post -0.94 earnings per share for the current year.

Institutional Trading of Cambium Networks

Institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in Cambium Networks during the 1st quarter worth approximately $73,000. Merlin Capital Inc increased its holdings in Cambium Networks by 78.2% during the 4th quarter. Merlin Capital Inc now owns 22,480 shares of the company’s stock worth $135,000 after acquiring an additional 9,865 shares during the period. New York State Common Retirement Fund increased its holdings in Cambium Networks by 78.2% during the 4th quarter. New York State Common Retirement Fund now owns 69,750 shares of the company’s stock worth $419,000 after acquiring an additional 30,603 shares during the period. Bridge City Capital LLC increased its holdings in Cambium Networks by 2.9% during the 1st quarter. Bridge City Capital LLC now owns 268,231 shares of the company’s stock worth $1,156,000 after acquiring an additional 7,605 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Cambium Networks by 60.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 290,828 shares of the company’s stock worth $1,253,000 after acquiring an additional 109,837 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

About Cambium Networks

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.