Equities Analysts Set Expectations for CMBM FY2024 Earnings

Cambium Networks Co. (NASDAQ:CMBM) – Investment analysts at Zacks Research lowered their FY2024 EPS estimates for shares of Cambium Networks in a research note issued on Tuesday, January 28th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of ($1.27) for the year, down from their previous forecast of ($1.24). The consensus estimate for Cambium Networks’ current full-year earnings is ($1.29) per share. Zacks Research also issued estimates for Cambium Networks’ Q4 2024 earnings at ($0.22) EPS, Q2 2025 earnings at ($0.17) EPS, Q4 2025 earnings at $0.01 EPS, FY2025 earnings at ($0.40) EPS, Q1 2026 earnings at ($0.19) EPS, Q3 2026 earnings at ($0.09) EPS, Q4 2026 earnings at ($0.12) EPS and FY2026 earnings at ($0.57) EPS.

Separately, Northland Securities decreased their price objective on shares of Cambium Networks from $5.00 to $3.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th.

Cambium Networks Trading Down 1.7 %

Shares of CMBM opened at $1.18 on Friday. The firm has a market cap of $33.32 million, a price-to-earnings ratio of -0.39 and a beta of 1.06. Cambium Networks has a 52 week low of $0.64 and a 52 week high of $4.92. The stock has a 50 day moving average of $0.98 and a 200-day moving average of $1.40.

Cambium Networks (NASDAQ:CMBM) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.04). Cambium Networks had a negative return on equity of 100.35% and a negative net margin of 48.94%. The firm had revenue of $43.73 million during the quarter, compared to analyst estimates of $45.30 million. During the same quarter last year, the business posted ($0.52) earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMBM. Point72 Asia Singapore Pte. Ltd. bought a new stake in Cambium Networks in the second quarter valued at $52,000. Cubist Systematic Strategies LLC acquired a new position in Cambium Networks during the 2nd quarter valued at about $187,000. GSA Capital Partners LLP grew its position 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 purchasing an additional 149,326 shares during the last quarter. Finally, RBF Capital LLC increased its stake in shares of Cambium Networks by 28.5% in the third quarter. RBF Capital LLC now owns 217,006 shares of the company’s stock valued at $397,000 after purchasing an additional 48,077 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

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.