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NASDAQ:CMBM

Cambium Networks Stock Forecast, Price & News

$23.28
-0.87 (-3.60 %)
(As of 10/23/2020 12:00 AM ET)
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Today's Range
$22.63
Now: $23.28
$25.08
50-Day Range
$12.98
MA: $16.98
$24.15
52-Week Range
$3.57
Now: $23.28
$25.63
Volume219,613 shs
Average Volume77,783 shs
Market Capitalization$597.99 million
P/E Ratio166.30
Dividend YieldN/A
Beta0.86
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. Its cnPilot Wi-Fi solution provides distributed access to individual users in indoor settings, such as office complexes, and outdoor settings, such as athletic stadiums; cnReach solutions offer narrow-band connectivity for sensors and devices; embedded proprietary RF technology and software enables automated optimization of data flow at the outermost points in the network; and cnMatrix cloud-managed wireless-aware switching solution provides the interface between wireless and wired networks. The company serves medium-sized wireless Internet service providers, enterprises, and government agencies in North America, Europe, the Middle East, Africa, Central and Latin America, and the Asia-Pacific. The company was formerly known as Vector Cambium Holdings (Cayman), Ltd. and changed its name to Cambium Networks Corporation in 2018. Cambium Networks Corporation was founded in 2011 and is headquartered in Rolling Meadows, Illinois.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.38 out of 5 stars

Industry, Sector and Symbol

Industry Radio & t.v. communications equipment
Sub-IndustryN/A
Current SymbolNASDAQ:CMBM
CUSIPN/A
CIKN/A
Phone34-59-433-10
Employees516

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$267.03 million
Cash Flow$0.17 per share
Book Value$1.56 per share

Profitability

Net Income$-17,600,000.00

Miscellaneous

Market Cap$597.99 million
Next Earnings Date11/5/2020 (Estimated)
OptionableNot Optionable
$23.28
-0.87 (-3.60 %)
(As of 10/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cambium Networks (NASDAQ:CMBM) Frequently Asked Questions

How has Cambium Networks' stock price been impacted by COVID-19?

Cambium Networks' stock was trading at $4.66 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CMBM stock has increased by 399.6% and is now trading at $23.28.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Cambium Networks?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cambium Networks in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Cambium Networks
.

When is Cambium Networks' next earnings date?

Cambium Networks is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Cambium Networks
.

How were Cambium Networks' earnings last quarter?

Cambium Networks Corporation (NASDAQ:CMBM) announced its earnings results on Tuesday, August, 11th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.03 by $0.13. The firm had revenue of $62.25 million for the quarter, compared to analysts' expectations of $60.68 million. Cambium Networks had a net margin of 1.34% and a return on equity of 16.65%.
View Cambium Networks' earnings history
.

What guidance has Cambium Networks issued on next quarter's earnings?

Cambium Networks issued an update on its third quarter 2020 Pre-Market earnings guidance on Tuesday, October, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $73-73 million, compared to the consensus revenue estimate of $65.81 million.

What price target have analysts set for CMBM?

5 Wall Street analysts have issued twelve-month price objectives for Cambium Networks' stock. Their forecasts range from $14.50 to $23.00. On average, they expect Cambium Networks' share price to reach $17.50 in the next twelve months. This suggests that the stock has a possible downside of 24.8%.
View analysts' price targets for Cambium Networks
.

Are investors shorting Cambium Networks?

Cambium Networks saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 72,600 shares, an increase of 31.0% from the August 31st total of 55,400 shares. Based on an average daily volume of 115,000 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.3% of the shares of the company are sold short.
View Cambium Networks' Short Interest
.

Who are some of Cambium Networks' key competitors?

What other stocks do shareholders of Cambium Networks own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cambium Networks investors own include Occidental Petroleum (OXY), Alibaba Group (BABA), BCE (BCE), British American Tobacco (BTI), Carnival Co. & (CCL), Cinemark (CNK), Canadian Natural Resources (CNQ), Energy Transfer (ET), Etsy (ETSY) and General Motors (GM).

Who are Cambium Networks' key executives?

Cambium Networks' management team includes the following people:
  • Mr. Atul Bhatnagar, Pres, CEO & Director (Age 61)
  • Mr. Stephen Cumming, Chief Financial Officer (Age 49)
  • Mr. Raymond de Graaf, Sr. VP of Operations (Age 52)
  • Ian Rogers, Controller & Principal Accounting Officer
  • Ms. Sally J. Rau, Gen. Counsel (Age 60)

When did Cambium Networks IPO?

(CMBM) raised $81 million in an IPO on Wednesday, June 26th 2019. The company issued 5,800,000 shares at $13.00-$15.00 per share. J.P. Morgan and Goldman Sachs served as the underwriters for the IPO and Deutsche Bank Securities, Raymond James, JMP Securities and Oppenheimer were co-managers.

What is Cambium Networks' stock symbol?

Cambium Networks trades on the NASDAQ under the ticker symbol "CMBM."

How do I buy shares of Cambium Networks?

Shares of CMBM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Cambium Networks' stock price today?

One share of CMBM stock can currently be purchased for approximately $23.28.

How big of a company is Cambium Networks?

Cambium Networks has a market capitalization of $597.99 million and generates $267.03 million in revenue each year. The company earns $-17,600,000.00 in net income (profit) each year or ($0.31) on an earnings per share basis. Cambium Networks employs 516 workers across the globe.

What is Cambium Networks' official website?

The official website for Cambium Networks is www.cambiumnetworks.com.

How can I contact Cambium Networks?

Cambium Networks' mailing address is 3800 GOLF ROAD SUITE 360, ROLLING MEADOWS IL, 60008. The company can be reached via phone at 34-59-433-10 or via email at [email protected]

This page was last updated on 10/25/2020 by MarketBeat.com Staff

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