Shares of Cambium Networks Co. (NASDAQ:CMBM – Get Free Report) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $6.13.
A number of equities research analysts have recently weighed in on the company. Roth Mkm cut their price target on Cambium Networks from $8.50 to $8.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Northland Securities lowered their target price on Cambium Networks from $7.00 to $5.00 and set an “outperform” rating on the stock in a report on Friday, August 9th.
Read Our Latest Report on Cambium Networks
Hedge Funds Weigh In On Cambium Networks
Cambium Networks Stock Down 1.1 %
Shares of Cambium Networks stock opened at $1.77 on Thursday. The stock has a 50-day moving average price of $1.84 and a 200 day moving average price of $2.94. The company has a market cap of $49.38 million, a P/E ratio of -0.52 and a beta of 0.93. The company has a current ratio of 1.93, a quick ratio of 1.37 and a debt-to-equity ratio of 1.29. Cambium Networks has a 1 year low of $1.52 and a 1 year high of $7.95.
Cambium Networks (NASDAQ:CMBM – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $45.95 million for the quarter, compared to analysts’ expectations of $45.92 million. As a group, analysts expect that Cambium Networks will post -1.3 EPS for the current fiscal 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.
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