President Jonathan Cartu Reports - Cambium Networks (NASDAQ:CMBM) Downgraded by Zacks... - Jonathan Cartu Computer Repair Consultant Services
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President Jonathan Cartu Reports – Cambium Networks (NASDAQ:CMBM) Downgraded by Zacks…

President Jonathan Cartu Reports – Cambium Networks (NASDAQ:CMBM) Downgraded by Zacks…

Zacks Investment Research cut shares of Cambium Networks (NASDAQ:CMBM) from a hold rating to a sell rating in a research report report published on Thursday morning, Zacks.com reports.

According to Zacks, “Cambium Networks Corp provides wireless broadband networking infrastructure solutions for network operators, including medium-sized wireless Internet service providers, enterprises and government agencies. The Company’s wireless fabric includes intelligent radios, smart antennas, radio frequency, algorithms, wireless-aware switches and cloud-based network management software. Cambium Networks Corp is based in Rolling Meadows, Illinois. “

Shares of NASDAQ CMBM traded up $0.10 during mid-day trading on Thursday, reaching $6.21. The company’s stock had a trading volume of 79,911 shares, compared to its average volume of 37,792. The business has a 50-day simple moving average of $7.40. The company has a quick ratio of 1.31, a current ratio of 1.91 and a debt-to-equity ratio of 1.54. Cambium Networks has a 1-year low of $5.75 and a 1-year high of $11.75.

Cambium Networks (NASDAQ:CMBM) last issued its earnings results on Thursday, November 7th. The company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. The business had revenue of $65.70 million during the quarter, compared to analyst estimates of $69.08 million. As a group, equities research analysts expect that Cambium Networks will post 0.46 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new stake in Cambium Networks during the second quarter worth about $6,796,000. Point72 Asset Management L.P. increased its position in Cambium Networks by 4.0% during the third quarter. Point72 Asset Management L.P. now owns 209,179 shares of the company’s stock worth $2,029,000 after purchasing an additional 7,969 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in Cambium Networks during the second quarter worth about $1,919,000. Laurion Capital Management LP acquired a new stake in Cambium Networks during the second quarter worth about $1,918,000. Finally, HBK Investments L P acquired a new stake in Cambium Networks during the second quarter worth about $1,678,000. Hedge funds and other institutional investors own 14.22% 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, RF algorithms, wireless-aware switches, and network management software. The company offers point-to-point solutions that are connected to high-speed, high-bandwidth wireline networks; and wireless broadband backhaul to facilities or point-to-multipoint access points deployed throughout a network over distances of approximately 100 kilometers and at two gigabytes per second.

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Analyst Recommendations for Cambium Networks (NASDAQ:CMBM)



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