Cambium Networks Stock Price, News & Analysis

Cambium Networks (NASDAQ: CMBM) announced a partnership to enhance wireless broadband access in Arkansas. The company will provide microwave backhaul and fixed wireless systems to Aristotle Unified Communications, aiming to deliver internet speeds of up to 100 Mbps in underserved areas quickly. This initiative follows Aristotle's $30.9 million in CARES Act funding, addressing Arkansas's low internet connectivity rankings. The project will utilize Cambium's cloud-based management system to effectively manage the expanded network.

Cambium Networks (NASDAQ: CMBM) has been recognized as the Manufacturer of the Year by the Wireless ISP Association (WISPA) for the fourth consecutive year. This award highlights Cambium's contributions to the wireless broadband sector, serving nearly 7 million individuals and businesses across the U.S. through local WISPs. The company continues to advance in technologies such as 60 GHz cnWave multi-gigabit and CBRS devices, showcasing a strong commitment to innovation and collaboration within the broadband industry.

Cambium Networks reported record revenues of $88.5 million for Q1 2021, marking a 46% increase year-over-year and a 7% sequential rise. The gross margin was 49.9%, with operating income reaching a record $13.4 million and net income of $19.9 million ($0.70 per diluted share). Adjusted EBITDA totaled $16.5 million, representing 18.6% of revenues. The company anticipates Q2 revenues between $85.0-$90.0 million and full-year revenues between $345.0-$359.0 million, indicating robust demand for wireless networking solutions amid ongoing infrastructure enhancements.

Cambium Networks (NASDAQ: CMBM) has launched a new ConnectedPartner program aimed at Managed Service Providers (MSPs), enabling them to offer multi-gigabit wireless technology easily. The program simplifies procurement, installation, and management, enhancing service offerings while reducing costs. MSPs gain access to special discounts, market development funds, dedicated support, and valuable training resources. A recent Tolly Group report highlighted Cambium's Wi-Fi 6 Access Points as outperforming major competitors in both performance and total cost of ownership.

Cambium Networks (NASDAQ: CMBM) announced the launch of the cnMatrix™ TX series of switches, specifically designed for service provider tower deployments and multi-gigabit fixed wireless broadband operators. Featuring GPS synchronization, flexible PoE options, and dual redundant power supplies, these switches aim to enhance network performance while simplifying deployment operations. The cnMatrix TX series boasts improved security through Policy-Based Automation and offers automation features for streamlined operations. Available with 8, 16, and 24 ports, these switches promise to bolster connectivity, reliability, and service quality.

Cambium Networks (NASDAQ: CMBM) announced special pricing and resources for service providers using Facebook's Express Wi-Fi platform, enhancing affordability and scalability for Wi-Fi deployments. The platform connects millions across 30+ countries, facilitating better internet access. As an official partner, Cambium supports service providers aiming to expand their network services, noted Tizeti Network Limited's success in Nigeria with over 2 million users. The initiative includes discounted equipment pricing, technical support, and free training to boost Express Wi-Fi adoption globally.

Cambium Networks (NASDAQ: CMBM) announced plans to report its first quarter 2021 financial results on May 6, 2021. The report will cover the period ending March 31, 2021. Following the announcement, the company will conduct a live webcast and conference call at 4:30 p.m. ET to discuss the financial results. President and CEO Atul Bhatnagar and CFO Stephen Cumming will present, followed by a Q&A session. Interested parties can access the call via phone or online, with replays available after the event.

Cambium Networks (NASDAQ: CMBM) announced a new partner program targeting healthcare solutions, featuring benefits for Value Added Resellers (VARs) and System Integrators. The program aims to enhance connectivity for healthcare facilities, emphasizing Wi-Fi 6 technology. Since its launch in March, over 50 partners have joined. The company's products are already in use at the Reha clinic in Italy, improving patient care through advanced monitoring systems. A Tolly Group report indicated Cambium's Wi-Fi 6 access points outperform competitors in performance and Total Cost of Ownership.

Cambium Networks (NASDAQ: CMBM) announced efforts to provide high-speed internet access to tribal communities across the Western United States. Collaborating with channel partners and entities like EnerTribe, the company has deployed broadband solutions in remote areas of California, Washington, New Mexico, Arizona, and Oregon, improving connectivity for over 100,000 individuals. This initiative, funded partly through the CARES Act, aims to bridge the digital divide faced by Indigenous populations, especially crucial during the COVID-19 pandemic for education and telemedicine.