Zacks Research Has Bearish Estimate for CMBM FY2024 Earnings

Cambium Networks Co. (NASDAQ:CMBM) – Equities research analysts at Zacks Research cut their FY2024 EPS estimates for Cambium Networks in a note issued to investors 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 estimate 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 cut their price target 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 Down 1.7 %

Shares of NASDAQ:CMBM opened at $1.18 on Friday. The business has a fifty day simple moving average of $0.98 and a 200 day simple moving average of $1.39. Cambium Networks has a 1 year low of $0.64 and a 1 year high of $4.92. 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 (NASDAQ:CMBM) last issued its earnings results on Thursday, November 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.04). Cambium Networks had a negative net margin of 48.94% and a negative return on equity of 100.35%. The company had revenue of $43.73 million for the quarter, compared to analyst estimates of $45.30 million. During the same period last year, the business earned ($0.52) EPS.

Hedge Funds Weigh In On Cambium Networks

Several institutional investors have recently bought and sold shares of CMBM. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Cambium Networks during the 2nd quarter valued at about $52,000. Cubist Systematic Strategies LLC acquired a new stake in Cambium Networks in the 2nd quarter worth approximately $187,000. GSA Capital Partners LLP boosted its position in Cambium Networks by 266.4% during the third 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 period. Finally, RBF Capital LLC grew its holdings in Cambium Networks by 28.5% during 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 last quarter. 87.17% of the stock is currently owned by 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.