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Cambium Networks Corp - CMBM STOCK NEWS

Welcome to our dedicated news page for Cambium Networks (Ticker: CMBM), a resource for investors and traders seeking the latest updates and insights on Cambium Networks.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cambium Networks's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cambium Networks's position in the market.

News
Cambium Networks Corporation Announces First Quarter 2024 Reporting Date
Rhea-AI Summary
Cambium Networks , a wireless networking infrastructure solutions provider, will report its first-quarter 2024 financial results on May 9, 2024. The company will host a conference call and webcast for investors and analysts to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.75%
Tags
earnings
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News
Cambium Networks Corporation Names Jacob Sayer CFO
Rhea-AI Summary
Cambium Networks (CMBM) appoints Jacob Sayer as Chief Financial Officer, bringing extensive experience from Sensata Technologies. Sayer to lead financial strategies and global finance organization, succeeding John Becerril. The appointment aims to drive strong financial results and operational discipline.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.92%
Tags
none
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News
Cambium Networks Introduces the First in a New Class of Enterprise Wi-Fi 7 Solutions
Rhea-AI Summary
Cambium Networks (CMBM) introduces the X7-35X access point, a Wi-Fi 7 solution powered by Qualcomm Technologies, promising industry-leading price-performance and superior speed, latency, and connection reliability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.94%
Tags
none
News
Cambium Networks 6 GHz Fixed Wireless and Enterprise Wi-Fi Enable Service Providers in Canada to Expand Outdoor Gigabit Service
Rhea-AI Summary
Cambium Networks (CMBM) introduces ePMP 4600, the first 6 GHz outdoor fixed wireless solution to receive ISEDC certification, enabling speeds greater than 1 Gbps in Canada. The platform offers scalability, interference tolerance, and capacity up to 4 Gbps per sector, catering to both rural and suburban areas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.8%
Tags
none
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News
Cambium Networks Reports Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Cambium Networks Corporation announced financial results for Q4 2023 with revenues of $40.2 million, a 7% sequential decrease, and a 52% year-over-year decrease. The company reported an operating loss of $39.3 million and a net loss of $39.0 million. Adjusted EBITDA was a loss of $32.9 million or (81.8)% of revenues.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
earnings
-
News
Cambium Networks Corporation Announces Preliminary Fourth Quarter 2023 Revenues, Reporting Date and CFO Transition
Rhea-AI Summary
Cambium Networks Corporation (CMBM) announced preliminary revenues for Q4 2023, expecting approximately $40.0 million compared to the previous outlook of $45.0-$50.0 million. The company shipped $51 million in product revenues during the quarter, offset by an $11 million reduction due to incentives provided to distributors. Point-of-sale revenues were significantly higher than reported revenues, indicating a decrease in channel inventories. The net loss and loss per share are expected to be below the low end of the previous GAAP and non-GAAP ranges. The gross margin will also be below the low end of the range due to increased excess and obsolete inventory reserves. Cash is expected to be approximately $18 million. The company expects full year 2024 revenues of between $215 million to $245 million. Additionally, the company announced the departure of its chief financial officer, with the interim chief accounting officer assuming the responsibilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.4%
Tags
earnings
News
New Opportunity for Residential Broadband Service Providers: High Throughput, Managed Wi-Fi Mesh with Value Added Services
Rhea-AI Summary
Cambium Networks (CMBM) announces the launch of the RV22 Wi-Fi 6 Home Mesh Router Solution, aimed at reducing support costs of end-to-end broadband service delivery and enhancing subscriber experiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.47%
Tags
none
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News
Nextlink Drives Gigabit Service Expansion with 6 GHz Fixed Wireless Technology from Cambium Networks
Rhea-AI Summary
Cambium Networks (NASDAQ: CMBM) announced that Nextlink Internet has placed a significant order to expand its coverage area with its ePMP 6 GHz fixed wireless broadband solution. The ePMP 4600 platform delivers scalability, interference tolerance, and capacities of up to 4 Gbps per sector, making it suitable for both low-density rural areas and high-density suburban areas. Nextlink achieved actual throughput of over 1 Gbps download and 500 Mbps upload to subscribers' premises in earlier field tests.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.39%
Tags
none
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News
Cambium Networks Expands AI-powered Troubleshooting and Security
Rhea-AI Summary
Cambium Networks (CMBM) released cnMaestro 4.1, a network management system that offers deeper automation and analytics capabilities, aiming to enhance efficiency and reduce costs for enterprises and service providers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.81%
Tags
AI
News
Cambium Networks Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
Cambium Networks Corporation announced its financial results for the third quarter of 2023. Revenues decreased by 28% sequentially and 47% year-over-year, reaching $43.0 million. The gross margin was 25.5%, and the operating loss was $22.1 million. The net loss was $26.2 million or a loss of $0.95 per diluted share. The adjusted EBITDA loss was $14.4 million or (33.5)% of revenues.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.35%
Tags
earnings
Stock CMBM logo
Cambium Networks Corp

Nasdaq:CMBM

CMBM Rankings

#4282 Ranked by Market Cap
#5256 Ranked by Stock Gains
N/A Ranked by Dividends

CMBM Stock Data

114.50M
12.36M
3.94%
88.09%
1.91%
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
Manufacturing
Link
US
Rolling Meadows

About CMBM

cambium networks is a leading global provider of wireless broadband solutions that connect the unconnected. through its extensive portfolio of reliable, scalable and secure wifi and wireless broadband point-to-point (ptp) and point-to-multipoint (pmp) platforms managed by cloud-based software, cambium networks makes it possible for all service providers; enterprises; governmental and military agencies; oil, gas and utility companies; internet service providers; and public safety networks to build powerful communications networks, reach users from 200 kilometers across mountain tops down to the last meter to their devices and intelligently manage their infrastructure through end-to-end network visibility and actionable analytics. headquartered outside chicago and with r&d centers in the u.s., ashburton, u.k. and bangalore, india, cambium networks sells through a range of trusted global distributors. cambium networks sells through a range of trusted global distributors.