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

Cambium Networks

06/05/2022 11:02

* Cambium Networks Corp  CMBM.OQ  reported quarterly
adjusted
earnings of 1 cent​​ per share for the quarter ended in March.
The mean expectation of eight analysts for the quarter was
for breakeven results per share.
    * Revenue fell 30.1% to $61.90 million from a year ago; 
analysts
expected $62.42 million. 
    * Cambium Networks Corp's reported EPS for the quarter was a
loss
of 6 cents​.
    * The mean earnings estimate of analysts had fallen by
about 101.6% in the last three months.​ 
    * In the last 30 days seven analysts negatively revised
earnings
estimates 
    * Cambium Networks Corp shares had fallen by 31.7% this
quarter and lost 37.0% so far this year.
    * The company reported a quarterly loss of $1.57 million.
    * Wall Street's median 12-month price target for Cambium
Networks
Corp is $32.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 6 at 10:02 a.m.  ​All
figures in US dollars unless otherwise stated