Cambium Networks (NASDAQ:CMBM – Get Rating) issued its quarterly earnings results on Thursday. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.06 by $0.12, Briefing.com reports. Cambium Networks had a net margin of 2.38% and a return on equity of 7.60%. The company had revenue of $69.30 million during the quarter, compared to analysts’ expectations of $68.53 million. During the same quarter in the previous year, the company earned $0.40 EPS. Cambium Networks’s revenue was down 25.2% on a year-over-year basis.
Cambium Networks Price Performance
Shares of CMBM stock traded down $0.20 on Friday, reaching $19.08. The company had a trading volume of 219,322 shares, compared to its average volume of 85,509. The stock has a market capitalization of $511.92 million, a PE ratio of 82.96, a price-to-earnings-growth ratio of 4.49 and a beta of 0.79. The company has a quick ratio of 1.87, a current ratio of 2.49 and a debt-to-equity ratio of 0.23. Cambium Networks has a one year low of $12.40 and a one year high of $44.16. The business’s 50-day moving average is $15.78 and its 200 day moving average is $19.07.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on CMBM. The Goldman Sachs Group decreased their price objective on shares of Cambium Networks from $47.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, April 14th. Northland Securities cut their price objective on shares of Cambium Networks from $50.00 to $30.00 in a research report on Monday, April 18th. TheStreet raised shares of Cambium Networks from a “d+” rating to a “c-” rating in a research report on Monday, June 27th. JMP Securities dropped their price target on shares of Cambium Networks from $60.00 to $45.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 14th. Finally, Barrington Research lowered shares of Cambium Networks from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.56.
Institutional Inflows and Outflows
Cambium Networks Company Profile
Cambium Networks Corporation, through its subsidiaries, provides wireless broadband networking infrastructure products and solutions for commercial and government network operators. Its wireless fabric includes intelligent radios, smart antennas, radio frequency (RF) algorithms, wireless-aware switches, and cloud-based network management software.
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