Cambium Networks (CMBM) to Release Earnings on Thursday

Cambium Networks (NASDAQ:CMBM) will be releasing its earnings data after the market closes on Thursday, May 9th. Analysts expect Cambium Networks to post earnings of ($0.23) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Cambium Networks (NASDAQ:CMBM) last announced its quarterly earnings data on Thursday, February 15th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.59). The business had revenue of $40.21 million during the quarter, compared to analysts’ expectations of $41.82 million. Cambium Networks had a negative return on equity of 30.83% and a negative net margin of 28.87%. On average, analysts expect Cambium Networks to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cambium Networks Price Performance

NASDAQ CMBM opened at $4.05 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.99. Cambium Networks has a 52-week low of $2.92 and a 52-week high of $18.09. The company has a 50 day simple moving average of $4.08 and a 200-day simple moving average of $4.46. The firm has a market capitalization of $112.95 million, a price-to-earnings ratio of -1.75 and a beta of 0.99.

Analysts Set New Price Targets

Separately, Raymond James upped their target price on Cambium Networks from $5.25 to $5.50 and gave the stock an “outperform” rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Cambium Networks currently has a consensus rating of “Hold” and a consensus price target of $11.04.

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.