Equities Analysts Offer Predictions for CMBM FY2024 Earnings

Cambium Networks Co. (NASDAQ:CMBM) – Analysts at Zacks Research reduced their FY2024 earnings per share (EPS) estimates for Cambium Networks in a research report issued to clients and investors on Tuesday, January 28th. Zacks Research analyst R. Department now forecasts that the company will post earnings of ($1.27) per share 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.

Cambium Networks (NASDAQ:CMBM) last announced its earnings results on Thursday, November 7th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $43.73 million for the quarter, compared to analysts’ expectations of $45.30 million. During the same quarter last year, the firm earned ($0.52) earnings per share.

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

Cambium Networks Trading Up 1.7 %

NASDAQ:CMBM opened at $1.20 on Friday. The company’s fifty day moving average price is $0.98 and its 200-day moving average price is $1.41. Cambium Networks has a 1-year low of $0.64 and a 1-year high of $4.92.

Hedge Funds Weigh In On Cambium Networks

Several institutional investors have recently made changes to their positions in CMBM. Cubist Systematic Strategies LLC purchased a new position in Cambium Networks during the second quarter valued at $187,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Cambium Networks in the 2nd quarter valued at about $52,000. GSA Capital Partners LLP boosted 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 during the last quarter. Finally, RBF Capital LLC increased its stake in Cambium Networks by 28.5% during the 3rd quarter. RBF Capital LLC now owns 217,006 shares of the company’s stock worth $397,000 after buying an additional 48,077 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.