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Cambium Networks Corporation Ordinary Shares - $CMBM STOCK NEWS

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

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 Corporation Ordinary Shares'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 Corporation Ordinary Shares's position in the market.

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
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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
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News
Broadband Service Providers in the USA Can Be at the Head of the Line for Offering 6 GHz Outdoor Fixed Wireless with Cambium Networks
Rhea-AI Summary
Cambium Networks announces readiness of ePMP 4600 for 6 GHz spectrum
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.41%
Tags
none
News
Cambium Networks Corporation Announces Preliminary Third Quarter 2023 Revenues and Reporting Date
Rhea-AI Summary
Cambium Networks announces preliminary Q3 2023 revenues of $40.0-$45.0 million, lower than previous outlook. Market challenges and economic headwinds cited as reasons. Full financial results to be reported on Nov. 2, 2023. Guidance for full year 2023 suspended.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-36.24%
Tags
earnings
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News
Align Tactical Defense Communications in Seconds with Integrated Smart Antenna from Cambium Networks
Rhea-AI Summary
Cambium Networks announces the PTP 700 Beam Steering outdoor unit with integrated smart antenna, enabling quick antenna alignment and interference mitigation in hostile environments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
none
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News
Gulf of Suez Petroleum Company (GUPCO) Improves Safety and Efficiency with Fixed Wireless Solutions from Cambium Networks and Systel Telecom
Rhea-AI Summary
Gulf of Suez Petroleum Company (GUPCO) deploys Cambium Networks' wireless broadband network for improved efficiency and safety
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
none
News
Cambium Networks Delivers Secure Fixed Wireless Broadband Solutions for Defense and Public Safety Applications
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.97%
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none
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News
Wifinity Connects 550,000 Holiday Park Guests and One Million Devices with Cambium Networks Solutions
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.64%
Tags
none
-
News
Cambium Networks Reports Second Quarter 2023 Financial Results
Rhea-AI Summary
Cambium Networks Corporation (NASDAQ: CMBM) announced financial results for Q2 2023, revealing revenues of $59.5 million, a 23% sequential decrease, and a 14% year-over-year increase. The company reported a net loss of $2.6 million and appointed Morgan Kurk as the new President and CEO. The financial outlook for Q3 2023 forecasts revenues between $62.0-$70.0 million, with a decline of 7% to 11% expected for the full year 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-30.07%
Tags
earnings
News
Wibernet Expands Multi-Gigabit Coverage with 5G Fixed Wireless Solutions from Cambium Networks
Rhea-AI Summary
Cambium Networks (NASDAQ: CMBM) introduces 200 Mbps and 50 Mbps packages through its cnWave™ 5G Fixed wireless technology, deployed by Wibernet in Cape Town, South Africa. The technology operates on licensed 26 – 28 GHz mmWave frequency bands, allowing rapid deployment and offering competitive speeds. Wibernet's business has grown, attracting new customers with higher speed services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.44%
Tags
none
Stock CMBM logo
Cambium Networks Corporation Ordinary Shares

Nasdaq:CMBM

CMBM Rankings

#4210 Ranked by Market Cap
#5256 Ranked by Stock Gains
N/A Ranked by Dividends

CMBM Stock Data

112.41M
12.36M
3.94%
88.09%
1.91%
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
Manufacturing
Link
United States of America
GRAND CAYMAN

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.