Cambium Networks Corporation (NASDAQ:CMBM) – Investment analysts at Oppenheimer issued their Q1 2020 earnings per share estimates for shares of Cambium Networks in a research note issued to investors on Monday, February 10th. Oppenheimer analyst G. Iwanyc forecasts that the company will post earnings of ($0.04) per share for the quarter. Oppenheimer also issued estimates for Cambium Networks’ Q2 2020 earnings at $0.02 EPS, Q3 2020 earnings at $0.16 EPS, Q4 2020 earnings at $0.23 EPS, FY2020 earnings at $0.37 EPS and FY2021 earnings at $0.53 EPS.
Cambium Networks (NASDAQ:CMBM) last posted its earnings results on Monday, February 10th. The company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.04. The firm had revenue of $64.06 million for the quarter, compared to the consensus estimate of $64.25 million.
Several other equities research analysts have also issued reports on CMBM. Raymond James decreased their price target on shares of Cambium Networks from $9.50 to $9.00 and set an “outperform” rating for the company in a research note on Friday, December 27th. Zacks Investment Research lowered shares of Cambium Networks from a “hold” rating to a “sell” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Cambium Networks presently has a consensus rating of “Hold” and a consensus target price of $13.00.
Shares of CMBM stock opened at $6.17 on Thursday. The company has a 50 day moving average of $8.00 and a 200-day moving average of $8.34. 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 12-month low of $5.75 and a 12-month high of $11.75. The firm has a market cap of $183.29 million and a P/E ratio of -19.90.
Several hedge funds have recently modified their holdings of the company. Point72 Asset Management L.P. grew its stake in Cambium Networks by 4.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 209,179 shares of the company’s stock valued at $2,029,000 after buying an additional 7,969 shares in the last quarter. Millennium Management LLC grew its stake in Cambium Networks by 126.4% in the 3rd quarter. Millennium Management LLC now owns 61,149 shares of the company’s stock valued at $593,000 after buying an additional 292,949 shares in the last quarter. Alambic Investment Management L.P. grew its stake in Cambium Networks by 26.2% in the 4th quarter. Alambic Investment Management L.P. now owns 39,495 shares of the company’s stock valued at $345,000 after buying an additional 8,201 shares in the last quarter. State Street Corp grew its holdings in shares of Cambium Networks by 215.0% during the fourth quarter. State Street Corp now owns 37,864 shares of the company’s stock valued at $331,000 after buying an additional 25,843 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in shares of Cambium Networks by 1,119.8% during the fourth quarter. Meeder Asset Management Inc. now owns 20,737 shares of the company’s stock valued at $181,000 after buying an additional 19,037 shares during the last quarter. 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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