Cambium Networks Stock Price, News & Analysis

Cambium Networks reported record revenues of $82.8 million for Q4 2020, a 13% sequential increase and 29% year-over-year growth. The company achieved a gross margin of 51.0% and a record net income of $10.5 million, equating to $0.38 per diluted share. For the full year, revenues reached $278.5 million, up 4% from 2019, with Adjusted EBITDA at a record $37.4 million. Looking ahead, Cambium anticipates Q1 2021 revenues between $81.0-$85.0 million and full-year revenues between $317.5-$331.4 million.

Cambium Networks (NASDAQ: CMBM) has launched the ePMP Force 400 series, delivering gigabit-speed fixed wireless connectivity in the Sub-6 GHz spectrum. This innovative solution enables service providers and enterprises to extend connectivity affordably, avoiding the costs associated with licensed spectrum. The series includes the Force 425 and Force 400C, supporting high-capacity access services and fiber extensions. Endorsements highlight its performance and affordability, with a focus on expanding broadband access in various applications.

Cambium Networks (NASDAQ: CMBM) announced the launch of new cloud-first wired and wireless network management systems aimed at enhancing customer satisfaction and network performance insights. The cnMaestro portfolio includes cnMaestro X for medium to large networks and cnMaestro Essentials for small and medium networks. Features like zero touch provisioning and automated onboarding are designed to streamline network operations, reduce management costs, and improve user experiences. The solutions cater to service providers and enterprise operators, aiming to meet the growing demands for advanced network management.

Cambium Networks (CMBM) announced plans to report its financial results for Q4 and the full year 2020 on February 18, 2021. The report will detail performance ending December 31, 2020. Following the announcement, a live conference call will be held at 4:30 p.m. ET, featuring CEO Atul Bhatnagar and CFO Stephen Cumming. Interested parties can join via a webcast on the investor website, with replay options available for one year. Cambium Networks focuses on delivering wireless connectivity solutions for commercial and government network operators globally.

Cambium Networks Corporation (CMBM) announced a secondary public offering of 2.5 million ordinary shares priced at $28.00 each, resulting in approximately $70 million in gross proceeds for Vector Capital, the selling shareholder. The offering is set to close on December 8, 2020, pending customary closing conditions. Cambium will not receive any proceeds from this offering. Vector Capital has also granted underwriters a 30-day option to purchase an additional 375,000 shares at the offering price. The offering is being managed by J.P. Morgan Securities and others.

Cambium Networks Corporation (Nasdaq: CMBM) announced a secondary public offering of 2,500,000 ordinary shares, sold by Vector Cambium Holdings (Cayman), L.P., a Vector Capital affiliate. Additionally, there is a 30-day option for underwriters to buy an extra 375,000 shares at the public offering price. Cambium is not selling shares and will not receive proceeds from this offering. J.P. Morgan Securities LLC is the lead book-running manager for the transaction. A registration statement for these shares has been filed and approved by the U.S. Securities and Exchange Commission.

Cambium Networks (NASDAQ: CMBM) has announced its participation in the Qualcomm Smart Cities Accelerator Program, aiming to enhance connectivity solutions for smart applications. Leveraging its Gigabit wireless fabric, Cambium will provide advanced Wi-Fi 6 and 60 GHz fixed wireless technologies to partners within the program. This initiative addresses the connectivity challenges faced by cities, such as high fiber costs and the need for reliable broadband access. The collaboration is expected to drive smart city applications and connected spaces globally.

Cambium Networks reported record revenues of $73.0 million for Q3 2020, marking an increase of 17% sequentially and 11% year-over-year. The gross margin stood at 49.4%, while net income was a record $5.6 million or $0.21 per diluted share. Adjusted EBITDA was $11.4 million (15.6% of revenues). Net cash from operating activities was $16.4 million. The company launched a new 60 GHz cnWave broadband product, enhancing its technology portfolio. For Q4 2020, Cambium expects revenues between $74.0-$78.0 million.