Welcome to our dedicated page for Cambium Networks news (Ticker: CMBM), a resource for investors and traders seeking the latest updates and insights on Cambium Networks stock.
Cambium Networks Corp develops wireless and wired networking solutions for service providers, enterprises, industrial organizations and government customers. Company updates commonly cover the ONE Network platform, fixed wireless broadband, Wi-Fi access points, network edge technologies, cloud management through cnMaestro X, and Network Service Edge security and SD-WAN capabilities for satellite, LTE and 5G-connected sites.
Recurring news also includes financial and commercial activity, product introductions, SEC reporting updates, restatement-related matters, executive finance leadership changes, and Nasdaq listing compliance developments affecting the company’s ordinary shares.
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.
Cambium Networks (NASDAQ: CMBM) has signed a multi-year agreement with Burke County School District, NC, to deliver Wi-Fi 6 access points for enhanced classroom connectivity. The project, utilizing E-Rate funding, will install 1,500 high-density access points across 27 schools, supporting 12,000 students. This initiative aims to facilitate simultaneous use of Zoom and streaming video, critical during the ongoing pandemic. Cambium's solutions promise high performance at a low total cost of ownership, addressing the digital divide in education.
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.
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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.