Cambium Networks Co. (NASDAQ:CMBM) Given Average Recommendation of “Hold” by Brokerages

Shares of Cambium Networks Co. (NASDAQ:CMBM) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $6.13.

A number of analysts have recently weighed in on CMBM shares. Roth Mkm lowered their price objective on Cambium Networks from $8.50 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Northland Securities cut their price objective on shares of Cambium Networks from $7.00 to $5.00 and set an “outperform” rating on the stock in a report on Friday, August 9th.

Institutional Trading of Cambium Networks

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in Cambium Networks in the first quarter valued at $73,000. Vanguard Group Inc. boosted its stake in shares of Cambium Networks by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 798,373 shares of the company’s stock valued at $3,441,000 after buying an additional 6,125 shares during the period. Bridge City Capital LLC grew its position in shares of Cambium Networks by 2.9% during the first quarter. Bridge City Capital LLC now owns 268,231 shares of the company’s stock worth $1,156,000 after buying an additional 7,605 shares in the last quarter. Connors Investor Services Inc. increased its stake in shares of Cambium Networks by 13.5% during the first quarter. Connors Investor Services Inc. now owns 338,007 shares of the company’s stock worth $1,457,000 after buying an additional 40,179 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Cambium Networks by 60.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 290,828 shares of the company’s stock valued at $1,253,000 after acquiring an additional 109,837 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Cambium Networks Stock Performance

Cambium Networks stock opened at $1.89 on Thursday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.37 and a current ratio of 1.93. The company has a market capitalization of $52.58 million, a PE ratio of -0.55 and a beta of 0.93. The company has a 50 day moving average price of $1.85 and a 200-day moving average price of $2.97. Cambium Networks has a fifty-two week low of $1.52 and a fifty-two week high of $7.95.

Cambium Networks (NASDAQ:CMBM) last issued its earnings results on Thursday, August 8th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.03). Cambium Networks had a negative return on equity of 83.80% and a negative net margin of 58.76%. The business had revenue of $45.95 million for the quarter, compared to the consensus estimate of $45.92 million. As a group, equities analysts forecast that Cambium Networks will post -1.3 earnings per share for the current year.

Cambium Networks Company Profile

Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.