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

Cambium Networks

02/11/2023 21:03

* Cambium Networks Corp  CMBM.OQ  reported a quarterly
adjusted
loss of 44 cents​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of 40 cents.  The mean expectation of seven analysts for the
quarter was for a loss of 9 cents per share. Wall Street
expected results to range from -20 cents to 15 cents per share.
    * Revenue fell 47% to $43.05 million from a year ago;
analysts
expected $42.97 million. 
    * Cambium Networks Corp's reported EPS for the quarter was a
loss
of 95 cents​.
    * The company reported a quarterly loss of $26.2 million.
    * Cambium Networks Corp shares had fallen by 35.7% this
quarter and lost 78.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 151.1% in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Cambium
Networks
Corp is $12.25 

This summary was machine generated from LSEG data November 2 at
09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.25           0.36           Beat