Cambium Networks - CMBM Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cambium Networks in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CMBM shares.
View CMBM analyst ratings or view top-rated stocks.

6 analysts have issued 1-year price objectives for Cambium Networks' shares. Their CMBM share price forecasts range from $17.00 to $45.00. On average, they predict the company's stock price to reach $26.86 in the next year. This suggests a possible upside of 26.1% from the stock's current price.
View analysts price targets for CMBM or view top-rated stocks among Wall Street analysts.

Cambium Networks' stock was trading at $25.63 at the beginning of 2022. Since then, CMBM shares have decreased by 16.9% and is now trading at $21.30.
View the best growth stocks for 2022 here.

Cambium Networks saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 353,100 shares, a drop of 22.0% from the October 31st total of 452,700 shares. Based on an average daily trading volume, of 109,100 shares, the days-to-cover ratio is presently 3.2 days. Currently, 3.1% of the company's stock are short sold.
View Cambium Networks' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our CMBM earnings forecast.

Cambium Networks Co. (NASDAQ:CMBM) posted its quarterly earnings results on Thursday, November, 3rd. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.12 by $0.20. The business earned $81.20 million during the quarter, compared to analyst estimates of $74.17 million. Cambium Networks had a trailing twelve-month return on equity of 10.73% and a net margin of 3.99%.

Cambium Networks updated its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share guidance of $0.23-$0.27 for the period, compared to the consensus estimate of $0.28. The company issued revenue guidance of $80.00 million-$84.00 million, compared to the consensus revenue estimate of $82.86 million.

27 employees have rated Cambium Networks Chief Executive Officer Atul Bhatnagar on Glassdoor.com. Atul Bhatnagar has an approval rating of 95% among the company's employees. This puts Atul Bhatnagar in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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).

(CMBM) raised $81 million in an initial public offering (IPO) on Wednesday, June 26th 2019. The company issued 5,800,000 shares at a price of $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.

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

Cambium Networks' stock is owned by a variety of retail and institutional investors. Top institutional investors include Rice Hall James & Associates LLC (3.47%), BlackRock Inc. (2.73%), Tributary Capital Management LLC (2.61%), Vanguard Group Inc. (2.16%), Polar Asset Management Partners Inc. (2.11%) and Federated Hermes Inc. (1.88%). Insiders that own company stock include Alexander R Slusky, Atul Bhatnagar, Bryan Sheppeck, Graaf Raymond De, Ronald G Ryan, Sally Rau, Scott Imhoff, Stephen Cumming, Vector Capital, LLC and Vibhu Vivek.
View institutional ownership trends.

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

One share of CMBM stock can currently be purchased for approximately $21.30.

Cambium Networks (NASDAQ:CMBM) has a market capitalization of $575.85 million and generates $335.85 million in revenue each year. The company earns $37.42 million in net income (profit) each year or $0.41 on an earnings per share basis.

The company employs 573 workers across the globe.

Cambium Networks' mailing address is 3800 GOLF ROAD SUITE 360, ROLLING MEADOWS IL, 60008. The official website for the company is www.cambiumnetworks.com. The company can be reached via phone at (345) 943-3100 or via email at investors@cambiumnetworks.com.