Northland Securities Lowers Cambium Networks (NASDAQ:CMBM) Price Target to $3.00

Cambium Networks (NASDAQ:CMBM) had its price objective cut by research analysts at Northland Securities from $5.00 to $3.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Northland Securities’ price target suggests a potential upside of 165.49% from the stock’s previous close.

Separately, Roth Mkm reduced their price target on Cambium Networks from $8.50 to $8.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Cambium Networks Price Performance

Shares of CMBM stock opened at $1.13 on Tuesday. The stock has a market cap of $31.88 million, a price-to-earnings ratio of -0.37 and a beta of 0.97. The business’s fifty day moving average is $1.52 and its 200 day moving average is $2.23. Cambium Networks has a twelve month low of $1.08 and a twelve month high of $6.50. The company has a quick ratio of 1.37, a current ratio of 1.93 and a debt-to-equity ratio of 1.29.

Institutional Investors Weigh In On Cambium Networks

Institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cambium Networks in the second quarter worth $52,000. Virtu Financial LLC bought a new stake in Cambium Networks in the 1st quarter worth about $73,000. Cubist Systematic Strategies LLC bought a new stake in Cambium Networks in the 2nd quarter worth about $187,000. GSA Capital Partners LLP increased its holdings in Cambium Networks by 266.4% in the 3rd quarter. GSA Capital Partners LLP now owns 205,369 shares of the company’s stock worth $376,000 after buying an additional 149,326 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in Cambium Networks by 13.5% in the 2nd quarter. Federated Hermes Inc. now owns 305,164 shares of the company’s stock worth $851,000 after buying an additional 36,270 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

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.