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

Cambium Networks

08/05/2023 22:01

* Cambium Networks Corp  CMBM.OQ  reported quarterly
adjusted
earnings of 24 cents​​ per share for the quarter ended in March.
The mean expectation of seven analysts for the quarter was
for earnings of 20 cents per share.
    * Revenue rose 25.1% to $77.40 million from a year ago;
analysts
expected $76.73 million. 
    * Cambium Networks Corp's reported EPS for the quarter was
15
cents​.
    * The mean earnings estimate of analysts had fallen by
about 8% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Cambium Networks Corp shares had fallen by 20.2% this
quarter and lost 34.7% so far this year.
    * The company reported quarterly net income of $4.28
million.
    * Wall Street's median 12-month price target for Cambium
Networks
Corp is $26.25 
    * 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 May
8 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.06           0.18           Beat