Cambium Networks Corp reports results for the quarter ended in December - Earnings Summary

Cambium Networks

15/02/2024 22:45

* Cambium Networks Corp  CMBM.OQ  reported a quarterly
adjusted
loss of 95 cents​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of 36 cents.  The mean expectation of six analysts for the
quarter was for a loss of 39 cents per share. Wall Street
expected results to range from -52 cents to -24 cents per share.
    * Revenue fell 52.4% to $40.21 million from a year ago;
analysts
expected $41.16 million. 
    * Cambium Networks Corp's reported EPS for the quarter was a
loss
of $1.41​.
    * The company reported a quarterly loss of $39.01 million.
    * Cambium Networks Corp shares had fallen by 27.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 83.9%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Cambium Networks
Corp is $8.00 
This summary was machine generated from LSEG data February 15 at
10:45 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.39          -0.95          Missed
 Sep. 30 2023      -0.09          -0.44          Missed
 Jun. 30 2023      0.21           0.03           Missed
 Mar. 31 2023      0.20           0.24           Beat