Cambium Networks Corporation, through its subsidiaries, provides wireless broadband networking infrastructure products and solutions for network operators. Its wireless fabric includes intelligent radios, smart antennas, radio frequency (RF) algorithms, wireless-aware switches, and network management software. The company offers point-to-point backhaul, point-to-multipoint distribution, Wi-Fi access, cnMatrix ethernet enterprise switching, cnReach IIoT, cnVision video surveillance transport, and cnMaestro and network management tools and solutions. It also offers point-to-point solutions that are connected to high-speed, high-bandwidth wireline networks; and wireless broadband backhaul to facilities or point-to-multipoint access points deployed throughout a network over distances of approximately 100 kilometers and at 2 gigabytes per second. The company also offers cnPilot and Xirrus Wi-Fi solution provides distributed access to individual users in indoor settings, such as office complexes, and outdoor settings, such as athletic stadiums; cnReach solutions offer narrow-band connectivity for sensors and devices; embedded proprietary RF technology and software enables automated optimization of data flow at the outermost points in the network; and cnMatrix cloud-managed wireless-aware switching solution provides the interface between wireless and wired networks. It serves medium-sized wireless internet service providers, enterprises, and government agencies in North America, Europe, the Middle East, Africa, Central and Latin America, and the Asia Pacific. The company was formerly known as Vector Cambium Holdings (Cayman), Ltd. and changed its name to Cambium Networks Corporation in 2018. The was founded in 2011 and is headquartered in Rolling Meadows, Illinois.
IPO Year: 2019
Exchange: NASDAQ
Website: cambiumnetworks.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/5/2023 | Outperform → Perform | Oppenheimer | |
| 10/5/2023 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 8/2/2023 | $17.00 → $12.00 | Neutral → Underweight | JP Morgan |
| 11/15/2022 | $29.00 → $26.00 | Strong Buy → Outperform | Raymond James |
| 4/14/2022 | Outperform → Mkt Perform | Barrington Research | |
| 3/4/2022 | $38.00 → $25.00 | Buy → Hold | Jefferies |
| 2/22/2022 | $27.00 → $32.00 | Neutral | JP Morgan |
| 2/18/2022 | $35.00 → $43.00 | Strong Buy | Raymond James |
| 1/28/2022 | $35.00 | Market Perform → Strong Buy | Raymond James |
| 12/13/2021 | $49.00 → $30.00 | Overweight → Neutral | JP Morgan |
SC 13G - Cambium Networks Corp (0001738177) (Subject)
SC 13D/A - Cambium Networks Corp (0001738177) (Subject)
Revenues of $43.7 million decreased 5% sequentiallyGross margin of 39.9% and non-GAAP(1) gross margin of 42.3%, both higher sequentiallyOperating loss of $8.1 million, non-GAAP(1) operating loss of $3.6 millionNet loss of $9.7 million or a loss of $0.34 per diluted share; non-GAAP(1) net loss of $3.8 million or a loss of $0.14 per diluted shareNet cash provided by operating activities of $8.9 million; $46.5 million cash on the balance sheetAdjusted EBITDA(1) loss of $2.3 million or (5.3)% of revenues, an improvement of 65% sequentiallyHOFFMAN ESTATES, Ill., Nov. 7, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ:CMBM), a leading provider of wireless and wired n
HOFFMAN ESTATES, Ill., Oct. 28, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ:CMBM), a leading provider of wireless networking infrastructure solutions, today announced that it plans to report financial results for the third quarter 2024 ended September 30, 2024, on Thursday, November 7, 2024. Conference Call and Webcast Cambium Networks will host a live webcast and conference call to discuss its financial results and Q&A at 4:30 p.m. EDT, on Thursday, November 7, 2024, with Morgan Kurk, President and CEO, and Jacob Sayer, CFO. To join the live
Collaboration Aims to Increase Access to Affordable High-Speed Broadband in Underserved Communities Benefitting Over 440,000 Households HOFFMAN ESTATES, Ill., Aug. 29, 2024 /PRNewswire/ -- Cambium Networks (NASDAQ:CMBM), a leading global provider of wireless and wired networking solutions, today announced a strategic collaboration with QUILT, a 501(c)(3) nonprofit organization, NODE Networks, TMA Technology Solutions, and ComEd to enhance digital equity in underserved communities across Chicago as part of QUILT's Broadband Access for Brighter Futures Program. The program will deploy a 401-mile fiber network across Cook County and the South Side and West Side of Chicago, incorporating 30 stra
Revenues of $45.9 million increased 9% sequentiallyGross margin of 31.4%, non-GAAP(1) gross margin of 33.5%Operating loss of $12.1 million, non-GAAP(1) operating loss of $7.9 millionNet loss of $9.1 million or a loss of $0.33 per diluted share, non-GAAP(1) net loss of $7.1 million or a loss of $0.25 per diluted shareNet cash provided by operating activities of $2.4 million; $42.6 million cash on the balance sheetAdjusted EBITDA(1) loss of $6.7 million or (14.5)% of revenues, an improvement of 57% sequentiallyHOFFMAN ESTATES, Ill., Aug. 8, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ:CMBM), a leading provider of wireless and wired networking infrastructure so
HOFFMAN ESTATES, Ill., Aug. 1, 2024 /PRNewswire/ -- Cambium Networks (NASDAQ:CMBM), a leading provider of wireless and wired networking solutions, and Cal.net, a premier provider of TV, Phone, and High-Speed Broadband services throughout the Central Valley and rural Northern California, today announced the deployment of a 6 GHz fixed wireless access (FWA) network following the recent approval by the United States Federal Communications Commission (FCC) for outdoor use of 6 GHz spectrum. This deployment marks a significant milestone in delivering reliable, high-speed internet to underserved communities.
HOFFMAN ESTATES, Ill., July 9, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ:CMBM), a leading provider of wireless networking infrastructure solutions, today announced that it plans to report financial results for the second quarter 2024 ended June 30, 2024, on Thursday, August 8, 2024. Conference Call and Webcast Cambium Networks will host a live webcast and conference call to discuss its financial results and Q&A at 4:30 p.m. ET, on Thursday, August 8, 2024. On the call will be Morgan Kurk, president and CEO, and Jacob Sayer, CFO. The call wi
HOFFMAN ESTATES, Ill., June 24, 2024 /PRNewswire/ -- Cambium Networks (NASDAQ:CMBM), a leading global provider of networking solutions, today announced significant investments in its ConnectedPartner channel program aimed at providing more value and tools to its Enterprise partners such as Managed Wi-Fi Service Providers, Value Added Resellers, and System Integrators. The enhanced program introduces an Elite partner level, offering a host of new benefits designed to accelerate growth, reduce risk, and increase sales velocity. Cambium Networks' ONE Network platform is at the co
HOFFMAN ESTATES, Ill., June 20, 2024 /PRNewswire/ -- Cambium Networks (NASDAQ:CMBM), a leading global provider of networking solutions, today announced the full FCC and ISED certification of the PMP 450v Fixed Wireless Access Point and Subscriber Module, expanding its advanced connectivity solutions in the 6 GHz spectrum. PMP 450v is Cambium Networks' second fully accredited 6 GHz platform, joining the ePMP 4600 and ePMP Force 4625. Many broadband operators face capacity constraints due to crowded 5 GHz spectrum. With this certification, service providers, enterprises, and ind
"Connected campus" program of Indoor and outdoor Wi-Fi 6 access points provides Internet resources for 1.3 million students across Morocco HOFFMAN ESTATES, Ill., June 18, 2024 /PRNewswire/ -- Cambium Networks (NASDAQ:CMBM), a leading global provider of wireless networking solutions, today announced its wireless technology has been selected for a nationwide Wi-Fi network deployment for higher education institutions, a project called "Connected Campus". The network provides multi-gigabit Wi-Fi 6 access at 12 major public universities across more than 200 campuses. The campuses will be equipped with Wi-Fi 6 solutions from Cambium Networks, designed and deployed by 3GCOM a service integrator, a
Dakota Hotels Emerges as Premier Example of Enhanced Guest Experience through Collaborative Technology Deployment HOFFMAN ESTATES, Ill., June 4, 2024 /PRNewswire/ -- Cambium Networks (NASDAQ:CMBM), a leading global provider of networking solutions, today announced its collaboration with Nonius, a leading global company offering digital technology for hotel guests. This strategic partnership leverages Cambium Networks' advanced hospitality solutions which include Wi-Fi access points, comprehensive switching solutions, and cnMaestro™ cloud management platform to meet the evolving connectivity demands of hotel guests, showcased by the successful implementation at Dakota Hotels in the United Kin
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HOFFMAN ESTATES, Ill., April 2, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ:CMBM), a leading provider of wireless networking infrastructure solutions, today announced the appointment of Jacob Sayer as Chief Financial Officer, effective April 8, 2024. He will be responsible for Cambium's financial strategies and will lead the global finance organization, including planning, treasury, tax, reporting, and investor relations. Jacob will succeed John Becerril, who is currently acting CFO following the January 2024 departure of Andrew Bronstein. John will remain as Cambium's Global Controller and principal accounting officer.
ROLLING MEADOWS, Ill., May 31, 2023 /PRNewswire/ -- Cambium Networks (NASDAQ:CMBM), a leading global provider of networking solutions, today announced the appointment of Archana Nirwan to Chief Human Resources Officer. A highly experienced HR professional with more than 20 years of global experience, Ms. Nirwan has a long track record in scaling up and expanding growth organizations efficiently. Her previous experiences at Qualcomm, Cadence Design Systems and Fidelity Investments have proven her ability to drive organizational change and talent strategies for high-tech compani
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Revenues of $43.7 million decreased 5% sequentiallyGross margin of 39.9% and non-GAAP(1) gross margin of 42.3%, both higher sequentiallyOperating loss of $8.1 million, non-GAAP(1) operating loss of $3.6 millionNet loss of $9.7 million or a loss of $0.34 per diluted share; non-GAAP(1) net loss of $3.8 million or a loss of $0.14 per diluted shareNet cash provided by operating activities of $8.9 million; $46.5 million cash on the balance sheetAdjusted EBITDA(1) loss of $2.3 million or (5.3)% of revenues, an improvement of 65% sequentiallyHOFFMAN ESTATES, Ill., Nov. 7, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ:CMBM), a leading provider of wireless and wired n
HOFFMAN ESTATES, Ill., Oct. 28, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ:CMBM), a leading provider of wireless networking infrastructure solutions, today announced that it plans to report financial results for the third quarter 2024 ended September 30, 2024, on Thursday, November 7, 2024. Conference Call and Webcast Cambium Networks will host a live webcast and conference call to discuss its financial results and Q&A at 4:30 p.m. EDT, on Thursday, November 7, 2024, with Morgan Kurk, President and CEO, and Jacob Sayer, CFO. To join the live
Revenues of $45.9 million increased 9% sequentiallyGross margin of 31.4%, non-GAAP(1) gross margin of 33.5%Operating loss of $12.1 million, non-GAAP(1) operating loss of $7.9 millionNet loss of $9.1 million or a loss of $0.33 per diluted share, non-GAAP(1) net loss of $7.1 million or a loss of $0.25 per diluted shareNet cash provided by operating activities of $2.4 million; $42.6 million cash on the balance sheetAdjusted EBITDA(1) loss of $6.7 million or (14.5)% of revenues, an improvement of 57% sequentiallyHOFFMAN ESTATES, Ill., Aug. 8, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ:CMBM), a leading provider of wireless and wired networking infrastructure so
HOFFMAN ESTATES, Ill., July 9, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ:CMBM), a leading provider of wireless networking infrastructure solutions, today announced that it plans to report financial results for the second quarter 2024 ended June 30, 2024, on Thursday, August 8, 2024. Conference Call and Webcast Cambium Networks will host a live webcast and conference call to discuss its financial results and Q&A at 4:30 p.m. ET, on Thursday, August 8, 2024. On the call will be Morgan Kurk, president and CEO, and Jacob Sayer, CFO. The call wi
Revenues of $42.3 million, increased 5% sequentially, and decreased 45% year-over-yearGross margin of 20.5%, non-GAAP(1) gross margin of 22.7%Operating loss of $21.0 million, non-GAAP(1) operating loss of $16.7 millionNet loss of $26.4 million or a loss of $0.95 per diluted share, non-GAAP(1) net loss of $12.7 million or a loss of $0.46 per diluted shareAdjusted EBITDA(1) loss of $15.5 million or (36.7)% of revenuesHOFFMAN ESTATES, Ill., May 9, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ:CMBM), a leading provider of wireless networking infrastructure solutions, today announced financial results for the first quarter 2024 ended March 31, 2024.
HOFFMAN ESTATES, Ill., April 22, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ:CMBM), a leading provider of wireless networking infrastructure solutions, today announced that it plans to report financial results the first quarter 2024 ended March 31, 2024, on Thursday, May 9, 2024. Conference Call and Webcast Cambium Networks will host a live webcast and conference call to discuss its financial results and Q&A at 4:30 p.m. ET, on Thursday, May 9, 2024. On the call will be Morgan Kurk, president and CEO, and Jacob Sayer, CFO. The call will be mo
Revenues of $40.2 million, decreased 7% sequentially, and decreased 52% year-over-yearGross margin of (21.7)%, non-GAAP(1) gross margin of (19.4)%Operating loss of $39.3 million, non-GAAP(1) operating loss of $34.1 millionNet loss of $39.0 million or a loss of $1.41 per diluted share, non-GAAP(1) net loss of $26.4 million or a loss of $0.95 per diluted shareAdjusted EBITDA(1) loss of $32.9 million or (81.8)% of revenuesROLLING MEADOWS, Ill., Feb. 15, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ:CMBM), a leading provider of wireless networking infrastructure solutions, today announced financial results for the fourth quarter and full year ended December 31, 2
ROLLING MEADOWS, Ill., Jan. 18, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ:CMBM), a leading provider of wireless networking infrastructure solutions, today announced preliminary revenues for the fourth quarter 2023 ended December 31, 2023. Cambium plans to report full financial results on Thursday, Feb. 15, 2024. Cambium Networks expects revenues of approximately $40.0 million compared to the previous outlook of $45.0-$50.0 million provided on Nov. 2, 2023. While the company shipped $51 million in product revenues during the quarter, this wa
ROLLING MEADOWS, Ill., Oct. 4, 2023 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ:CMBM), a leading provider of wireless networking infrastructure solutions, today announced preliminary revenues for the third quarter 2023 ended Sept. 30, 2023. Cambium plans to report full financial results on Thursday, Nov. 2, 2023. Cambium Networks expects revenues of between $40.0-$45.0 million compared to the previous outlook of $62.0-$70.0 million provided on Aug. 1, 2023. The decrease in revenues is primarily due to a delay in government defense orders due to U.
Morgan Kurk Announced as President & Chief Executive Officer Revenues of $59.5 million, decreased 23% sequentially, and increased 14% year-over-yearRecord Point-to-Point revenues of $25.1 million, up 39% sequentially, and increased 60% year-over-yearGross margin of 49.1%, non-GAAP(1) gross margin of 50.3%Operating loss of $2.7 million, non-GAAP(1) operating income of $1.6 millionNet loss of $2.6 million or $0.10 per diluted share, non-GAAP(1) net income of $0.9 million or $0.03 per diluted shareAdjusted EBITDA(1) of $2.8 million or 4.7% of revenuesROLLING MEADOWS, Ill., Aug. 1, 2023 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ:CMBM), a leading provider of wireles
Cambium Networks (NASDAQ:CMBM), a leading global provider of networking solutions, today announced significant investments in its ConnectedPartner channel program aimed at providing more value and tools to its Enterprise partners such as Managed Wi-Fi Service Providers, Value Added Resellers, and System Integrators. The enhanced program introduces an Elite partner level, offering a host of new benefits designed to accelerate growth, reduce risk, and increase sales velocity. Cambium Networks' ONE Network platform is at the core of this initiative, simplifying the management of wired and wireless broadband and Wi-Fi network edge technologies. This allows network operators, either managed s
Cambium Networks (NASDAQ:CMBM), a leading global provider of networking solutions, today announced the full FCC and ISED certification of the PMP 450v Fixed Wireless Access Point and Subscriber Module, expanding its advanced connectivity solutions in the 6 GHz spectrum. PMP 450v is Cambium Networks' second fully accredited 6 GHz platform, joining the ePMP 4600 and ePMP Force 4625. Many broadband operators face capacity constraints due to crowded 5 GHz spectrum. With this certification, service providers, enterprises, and industrial network operators can now cost effectively add broadband capacity to both new and existing 3 GHz and 5 GHz deployments. The 6 GHz unlicensed spectrum uses an
Roth MKM analyst Scott Searle maintains Cambium Networks (NASDAQ:CMBM) with a Buy and lowers the price target from $9.75 to $8.5.
Cambium Networks (NASDAQ:CMBM) reported quarterly losses of $(0.46) per share which missed the analyst consensus estimate of $(0.23) by 100 percent. This is a 291.67 percent decrease over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $42.337 million which missed the analyst consensus estimate of $45.383 million by 6.71 percent. This is a 45.30 percent decrease over sales of $77.401 million the same period last year.
Jacob will succeed John Becerril, who is currently acting CFO following the January 2024 departure of Andrew Bronstein. John will remain as Cambium's Global Controller and principal accounting officer.
Oppenheimer downgraded Cambium Networks from Outperform to Perform
JMP Securities downgraded Cambium Networks from Mkt Outperform to Mkt Perform
JP Morgan downgraded Cambium Networks from Neutral to Underweight and set a new price target of $12.00 from $17.00 previously
Raymond James downgraded Cambium Networks from Strong Buy to Outperform and set a new price target of $26.00 from $29.00 previously
Barrington Research downgraded Cambium Networks from Outperform to Mkt Perform
Jefferies downgraded Cambium Networks from Buy to Hold and set a new price target of $25.00 from $38.00 previously
JP Morgan reiterated coverage of Cambium Networks with a rating of Neutral and set a new price target of $32.00 from $27.00 previously
Raymond James reiterated coverage of Cambium Networks with a rating of Strong Buy and set a new price target of $43.00 from $35.00 previously
Raymond James upgraded Cambium Networks from Market Perform to Strong Buy and set a new price target of $35.00
JP Morgan downgraded Cambium Networks from Overweight to Neutral and set a new price target of $30.00 from $49.00 previously