Cambium Networks (CMBM) Set to Announce Earnings on Thursday

Cambium Networks (NASDAQ:CMBM) will post its quarterly earnings results after the market closes on Thursday, May 6th. Analysts expect Cambium Networks to post earnings of $0.31 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Cambium Networks (NASDAQ:CMBM) last posted its quarterly earnings results on Wednesday, February 17th. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.11. Cambium Networks had a return on equity of 21.92% and a net margin of 2.70%. The firm had revenue of $82.81 million for the quarter, compared to the consensus estimate of $77.11 million. On average, analysts expect Cambium Networks to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cambium Networks stock opened at $57.29 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.86 and a quick ratio of 1.48. Cambium Networks has a 1-year low of $3.57 and a 1-year high of $66.40. The company has a market cap of $1.51 billion, a PE ratio of 212.19, a price-to-earnings-growth ratio of 1.90 and a beta of 0.61. The stock’s 50 day moving average price is $54.52 and its 200 day moving average price is $36.50.

CMBM has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Cambium Networks from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Monday, February 22nd. Raymond James downgraded Cambium Networks from an “outperform” rating to a “market perform” rating in a research report on Monday, February 1st. Jefferies Financial Group boosted their target price on Cambium Networks from $52.00 to $66.00 in a research report on Wednesday, April 7th. Northland Securities boosted their target price on Cambium Networks from $31.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 19th. Finally, The Goldman Sachs Group upgraded Cambium Networks from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $56.00 in a research report on Friday, February 19th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Cambium Networks presently has an average rating of “Buy” and an average price target of $43.67.

In related news, VP Vibhu Vivek sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $45.70, for a total value of $914,000.00. Following the completion of the transaction, the vice president now directly owns 111,083 shares in the company, valued at $5,076,493.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Atul Bhatnagar sold 119,812 shares of the company’s stock in a transaction on Thursday, March 11th. The shares were sold at an average price of $48.20, for a total value of $5,774,938.40. Following the completion of the transaction, the chief executive officer now owns 772,218 shares of the company’s stock, valued at $37,220,907.60. The disclosure for this sale can be found here. Insiders sold 177,597 shares of company stock worth $8,550,605 over the last 90 days. Company insiders own 78.70% of the company’s stock.

About Cambium Networks

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, radio frequency (RF) algorithms, wireless-aware switches, and network management software.

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Earnings History for Cambium Networks (NASDAQ:CMBM)

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