Insider Selling: Cambium Networks Co. (NASDAQ:CMBM) VP Sells $193,385.34 in Stock

Cambium Networks Co. (NASDAQ:CMBMGet Rating) VP Ronald G. Ryan sold 9,222 shares of Cambium Networks stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $20.97, for a total value of $193,385.34. Following the completion of the sale, the vice president now directly owns 35,315 shares of the company’s stock, valued at approximately $740,555.55. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Cambium Networks Stock Down 0.9 %

Shares of NASDAQ CMBM opened at $20.37 on Friday. Cambium Networks Co. has a 52 week low of $12.40 and a 52 week high of $29.38. The business has a 50-day simple moving average of $18.93 and a two-hundred day simple moving average of $17.35. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.19. The company has a market cap of $550.60 million, a P/E ratio of 49.68, a P/E/G ratio of 2.56 and a beta of 0.88.

Cambium Networks (NASDAQ:CMBMGet Rating) last issued its earnings results on Thursday, November 3rd. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.12 by $0.20. Cambium Networks had a return on equity of 10.73% and a net margin of 3.99%. The business had revenue of $81.20 million during the quarter, compared to the consensus estimate of $74.17 million. Research analysts anticipate that Cambium Networks Co. will post 0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Raymond James lowered Cambium Networks from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $29.00 to $26.00 in a report on Tuesday, November 15th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Cambium Networks presently has a consensus rating of “Moderate Buy” and an average price target of $26.86.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in shares of Cambium Networks by 303.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,600 shares of the company’s stock valued at $44,000 after acquiring an additional 1,956 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Cambium Networks during the 2nd quarter valued at about $38,000. Sageworth Trust Co bought a new stake in shares of Cambium Networks during the 2nd quarter valued at about $57,000. Legal & General Group Plc boosted its position in shares of Cambium Networks by 22.1% during the 2nd quarter. Legal & General Group Plc now owns 4,099 shares of the company’s stock valued at $60,000 after acquiring an additional 741 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC boosted its position in shares of Cambium Networks by 19.3% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 4,266 shares of the company’s stock valued at $72,000 after acquiring an additional 690 shares during the last quarter. Institutional investors own 90.68% of the company’s stock.

About Cambium Networks

(Get Rating)

Cambium Networks Corporation, through its subsidiaries, provides wireless broadband networking infrastructure products and solutions for commercial and government network operators. Its wireless fabric includes intelligent radios, smart antennas, radio frequency (RF) algorithms, wireless-aware switches, and cloud-based network management software.

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