Cambium Networks (CMBM) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cambium Networks in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CMBM shares.
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3 Wall Street analysts have issued 12 month target prices for Cambium Networks' stock. Their CMBM share price forecasts range from $20.00 to $25.00. On average, they predict the company's stock price to reach $23.33 in the next year. This suggests a possible upside of 45.5% from the stock's current price.
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Cambium Networks' stock was trading at $21.67 at the start of the year. Since then, CMBM shares have decreased by 26.0% and is now trading at $16.04.
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Cambium Networks saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 404,600 shares, an increase of 82.1% from the April 30th total of 222,200 shares. Based on an average trading volume of 75,900 shares, the days-to-cover ratio is presently 5.3 days. Currently, 3.4% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our CMBM earnings forecast.

Cambium Networks Co. (NASDAQ:CMBM) released its quarterly earnings data on Monday, May, 8th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. The company had revenue of $77.40 million for the quarter, compared to analysts' expectations of $76.78 million. Cambium Networks had a trailing twelve-month return on equity of 18.04% and a net margin of 8.34%.

ETFs with the largest weight of Cambium Networks (NASDAQ:CMBM) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN) and Defiance Next Gen Connectivity ETF (FIVG).First Trust Dow Jones Select Microcap Index Fund (FDM).

Cambium Networks issued an update on its second quarter 2023 earnings guidance on Monday, May, 8th. The company provided EPS guidance of $0.15-$0.27 for the period, compared to the consensus EPS estimate of $0.26. The company issued revenue guidance of $72.00 million-$80.00 million, compared to the consensus revenue estimate of $80.77 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 number of retail and institutional investors. Top institutional shareholders include Rice Hall James & Associates LLC (3.21%), BlackRock Inc. (2.97%), Tributary Capital Management LLC (2.49%), AIGH Capital Management LLC (1.94%), Royce & Associates LP (1.64%) and Dimensional Fund Advisors LP (1.50%). 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.
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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.
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One share of CMBM stock can currently be purchased for approximately $16.04.

Cambium Networks (NASDAQ:CMBM) has a market capitalization of $439.66 million and generates $296.90 million in revenue each year. The company earns $20.20 million in net income (profit) each year or $0.92 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 (888) 863-5250 or via email at investors@cambiumnetworks.com.