Cambium Networks (CMBM) Projected to Post Earnings on Thursday

Cambium Networks (NASDAQ:CMBM) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of ($0.14) per share and revenue of $42.98 million for the quarter.

Cambium Networks Price Performance

Shares of CMBM stock opened at $1.14 on Wednesday. Cambium Networks has a 1 year low of $0.64 and a 1 year high of $4.92. The firm has a fifty day moving average price of $1.02 and a 200-day moving average price of $1.33. The company has a market cap of $32.05 million, a price-to-earnings ratio of -0.37 and a beta of 1.12.

Analyst Upgrades and Downgrades

Separately, Northland Securities dropped their target price 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.