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

Cambium Networks

01/08/2023 23:02

* Cambium Networks Corp  CMBM.OQ  reported quarterly
adjusted
earnings of 3 cents​​ per share for the quarter ended in June.
The mean expectation of seven analysts for the quarter was
for earnings of 21 cents per share.
    * Revenue fell 14.1% to $59.54 million from a year ago;
analysts
expected $78.11 million. 
    * Cambium Networks Corp's reported EPS for the quarter was a
loss
of 10 cents​.
    * The mean earnings estimate of analysts had fallen by
about 18.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Cambium Networks Corp shares had risen by 6.4% this
quarter and
lost 25.2% so far this year.
    * The company reported a quarterly loss of $2.64 million.
    * Wall Street's median 12-month price target for Cambium
Networks
Corp is $23.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 1 at 10:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.21           0.03           Missed
 Mar. 31 2023      0.20           0.24           Beat
 Dec. 31 2022      0.25           0.36           Beat
 Sep. 30 2022      0.19           0.40           Beat