Shares of Cambium Networks Co. (NASDAQ:CMBM – Get Free Report) have earned an average rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $11.04.
Separately, Raymond James raised their price objective on Cambium Networks from $5.25 to $5.50 and gave the stock an “outperform” rating in a research note on Friday, February 16th.
View Our Latest Research Report on CMBM
Institutional Investors Weigh In On Cambium Networks
Cambium Networks Stock Performance
Shares of NASDAQ CMBM opened at $3.43 on Monday. The stock has a fifty day moving average price of $4.21 and a two-hundred day moving average price of $4.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.99 and a current ratio of 1.69. The firm has a market cap of $95.56 million, a P/E ratio of -1.50 and a beta of 0.94. Cambium Networks has a 1 year low of $2.92 and a 1 year high of $18.09.
Cambium Networks (NASDAQ:CMBM – Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.59). The company had revenue of $40.21 million for the quarter, compared to the consensus estimate of $41.82 million. Cambium Networks had a negative return on equity of 30.83% and a negative net margin of 28.87%. Research analysts forecast that Cambium Networks will post -0.66 EPS for the current fiscal year.
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.
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