Cambium Networks Co. (NASDAQ:CMBM) Receives $10.33 Average PT from Brokerages

Cambium Networks Co. (NASDAQ:CMBM) has received a consensus recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $7.50.

Separately, Roth Mkm dropped their price target on Cambium Networks from $9.75 to $8.50 and set a “buy” rating for the company in a report on Friday, May 10th.

Institutional Investors Weigh In On Cambium Networks

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of Cambium Networks during the first quarter worth $73,000. Merlin Capital Inc grew its stake in shares of Cambium Networks by 78.2% during the fourth quarter. Merlin Capital Inc now owns 22,480 shares of the company’s stock worth $135,000 after purchasing an additional 9,865 shares during the period. New York State Common Retirement Fund grew its stake in shares of Cambium Networks by 78.2% during the fourth quarter. New York State Common Retirement Fund now owns 69,750 shares of the company’s stock worth $419,000 after purchasing an additional 30,603 shares during the period. Bridge City Capital LLC grew its stake 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 purchasing an additional 7,605 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Cambium Networks by 60.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 290,828 shares of the company’s stock worth $1,253,000 after purchasing an additional 109,837 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Cambium Networks Price Performance

NASDAQ CMBM opened at $1.79 on Wednesday. The stock has a 50-day simple moving average of $2.54 and a 200 day simple moving average of $3.53. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.33 and a current ratio of 1.97. The stock has a market capitalization of $49.93 million, a PE ratio of -0.52 and a beta of 0.95. Cambium Networks has a twelve month low of $1.76 and a twelve month high of $9.97.

Cambium Networks (NASDAQ:CMBM) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.21). Cambium Networks had a negative net margin of 50.94% and a negative return on equity of 56.10%. The firm had revenue of $42.34 million during the quarter, compared to analyst estimates of $45.57 million. Research analysts anticipate that Cambium Networks will post -0.94 EPS for the current year.

About Cambium Networks

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.