Cambium Networks Stock Price, News & Analysis

Cambium Networks (CMBM) announced the launch of the XV2-2T outdoor Wi-Fi 6 access points, offering up to 1 km range, significantly reducing equipment and operational costs. During recent field trials at the Olympic trials in Oregon, the XV2-2T supported streaming for 157 devices with outstanding performance. The access points are designed for large area coverage, pairing with Cambium's 60 GHz cnWave for high-speed connectivity. The product's unique antenna design contributes to its extensive range, allowing for installations with fewer access points, thus lowering overall costs.

Cambium Networks (CMBM) announced on September 10, 2021, that its enterprise-focused partners are enhancing throughput performance with its wireless solutions. Specifically, Cambium's technologies, such as Wi-Fi, fixed wireless broadband, and centralized management systems, have been effectively implemented in multi-dwelling units and hospitality venues. Notable improvements include a 75% reduction in user support calls and upgrades from 5 Mbps to 1 Gbps in RV parks. The company celebrates a decade in operation, having shipped over 10 million radios globally.

Cambium Networks (CMBM) has become a founding member of the Future Technologies Venture LLC Innovation Center in Atlanta as of August 18, 2021. This center will focus on broadband and Wi-Fi 6 connectivity solutions and includes advanced lab capabilities for testing wireless technologies such as Wi-Fi 6, 5G, and CBRS. The partnership aims to enhance access to wireless broadband, with Cambium's multi-gigabit solutions positioned to address connectivity challenges. Cambium has shipped over 10 million radios globally since its inception in 2011.

Cambium Networks (CMBM) reported strong Q2 2021 results, achieving record revenues of $92.7 million, a 49% year-over-year increase. GAAP net income reached $11.5 million or $0.40 per diluted share, up from $3.3 million a year ago. Non-GAAP net income also marked a record at $12.9 million, or $0.45 per diluted share. The company shipped its 10 millionth radio and reported robust demand across Point-to-Multi-Point and enterprise Wi-Fi solutions. Looking ahead, Cambium forecasts Q3 revenues between $88.0-$92.0 million and a full-year revenue outlook of $357.0-$365.0 million.

Cambium Networks (NASDAQ: CMBM) announced the deployment of over 100,000 Point-to-Multipoint (PMP) fixed wireless access solutions using the Citizens Broadband Radio Service (CBRS) frequency band in the U.S. in the past 18 months. The PMP 450m system, featuring cnMedusa™ Massive MU-MIMO technology, enables rapid network expansion for service providers. The FCC's 2019 action opened additional spectrum, allowing 24,000 licenses in Texas and Oklahoma alone. Cambium's solutions support various sectors and can be upgraded to meet growing connectivity demands.

Cambium Networks Corporation (NASDAQ: CMBM) announced its plans to release financial results for the second quarter of 2021 on August 9, 2021. The report will encompass results as of June 30, 2021. A live webcast and conference call will occur at 4:30 p.m. ET on the same day, featuring key executives including CEO Atul Bhatnagar and CFO Stephen Cumming. Investors can join the call by phone or through the company's investor website, where a replay will be available post-event.

On July 15, 2021, Cambium Networks (CMBM) announced that Alaska Communications is deploying its 60 GHz cnWave fixed wireless technology. This rollout will provide multi-gigabit service, reaching 6,500 homes and businesses with speeds up to 1 Gbps. Alaska Communications enhances its broadband offerings and introduces new speed tiers starting at 100 Mbps. The deployment is critical for expanding broadband access, especially for remote users. This initiative has garnered Cambium Networks' Wireless Connectivity Hero Award, recognizing Alaska Communications' leadership in wireless technology.

Cambium Networks (CMBM), a global provider of wireless networking solutions, has marked a significant milestone by shipping its 10 millionth radio since its inception in October 2011. This achievement highlights Cambium's commitment to delivering gigabit-speed fixed wireless and Wi-Fi solutions for various applications including municipal connectivity and national defense. The company reports that over 1,600 municipalities have adopted their technology, with ongoing deployments in places like Colombia for education and North America's largest railroad for critical infrastructure. Cambium Networks continues to lead with innovative connectivity solutions.

Cambium Networks Corporation (CMBM) announced a secondary public offering of 2,000,000 ordinary shares priced at $48.00 each, totaling approximately $96 million in gross proceeds for Vector Cambium Holdings. The offering is set to close on June 7, 2021, pending customary closing conditions. Notably, Cambium will not receive any proceeds from this offering, as it involves shares sold solely by Vector Capital. Additionally, the underwriters have a 30-day option to purchase up to 300,000 extra shares at the same price.