Cambium Networks Co. (NASDAQ:CMBM) Receives $10.33 Consensus Target Price from Analysts

Cambium Networks Co. (NASDAQ:CMBM) has been assigned an average recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $10.33.

Separately, Roth Mkm cut their target price on Cambium Networks from $9.75 to $8.50 and set a “buy” rating on the stock in a research note on Friday, May 10th.

Cambium Networks Stock Up 31.3 %

Shares of Cambium Networks stock opened at $2.35 on Friday. Cambium Networks has a 1 year low of $1.76 and a 1 year high of $16.56. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.97 and a quick ratio of 1.33. The stock has a market cap of $65.56 million, a price-to-earnings ratio of -0.69 and a beta of 0.95. The firm’s 50-day moving average is $3.14 and its two-hundred day moving average is $3.98.

Cambium Networks (NASDAQ:CMBM) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.21). Cambium Networks had a negative return on equity of 56.10% and a negative net margin of 50.94%. The business had revenue of $42.34 million during the quarter, compared to analysts’ expectations of $45.57 million. As a group, research analysts expect that Cambium Networks will post -0.94 earnings per share for the current fiscal year.

Institutional Trading of Cambium Networks

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position 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 worth $3,441,000 after purchasing an additional 6,125 shares in the last quarter. Bridge City Capital LLC boosted its position in shares of Cambium Networks by 2.9% in the 1st quarter. Bridge City Capital LLC now owns 268,231 shares of the company’s stock worth $1,156,000 after purchasing an additional 7,605 shares in the last quarter. Merlin Capital Inc boosted its position in shares of Cambium Networks by 78.2% in the 4th quarter. Merlin Capital Inc now owns 22,480 shares of the company’s stock worth $135,000 after purchasing an additional 9,865 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Cambium Networks by 33.1% in the 3rd quarter. Federated Hermes Inc. now owns 40,000 shares of the company’s stock worth $293,000 after purchasing an additional 9,939 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its position in shares of Cambium Networks by 54.2% in the 3rd quarter. Quadrature Capital Ltd now owns 34,357 shares of the company’s stock worth $253,000 after purchasing an additional 12,072 shares in the last quarter. 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.