Cambium Networks Stock Price, News & Analysis

Cambium Networks (NASDAQ: CMBM) announced its wireless technology has been selected for the 'Connected Campus' project in Morocco, deploying multi-gigabit Wi-Fi 6 access at 12 major public universities across more than 200 campuses.

Over 1.3 million students and staff will benefit from this network, which includes more than 18,000 access points. Partnered with 3GCOM, Cambium's Wi-Fi 6 solutions will provide indoor and outdoor coverage, optimized for cost and performance.

This initiative aims to support stable and affordable digital learning environments, with features like centralized cloud management and AI-based analytics.

Edelson Lechtzin LLP, a premier class action law firm, is investigating securities fraud claims on behalf of investors in Cambium Networks (NASDAQ: CMBM) common stock, covering the period from May 8, 2023, to January 18, 2024. The firm urges shareholders who experienced significant losses to contact them by July 22, 2024, to consider the role of lead plaintiff in this class action. The allegations include failure to disclose excess inventory, aggressive discounting, projected revenue declines, and significant write-downs. Subsequent financial reports led to considerable stock price declines, including a 30% drop on August 2, 2023, a 36.2% drop on October 5, 2023, and a 12.4% drop on January 19, 2024.

Cambium Networks (NASDAQ: CMBM), a global networking solutions provider, announced a partnership with Nonius, a digital technology company for hotels. The collaboration has resulted in an upgrade of the Wi-Fi infrastructure at Dakota Hotels in the UK. The implementation includes Cambium Networks' advanced Wi-Fi access points, switching solutions, and cnMaestro cloud management platform. Dakota Hotels aimed to enhance the guest experience by providing seamless, high-speed internet access, meeting the increasing connectivity demands. Alan Poole, Group IT Manager at Dakota Hotels, reported highly positive guest feedback, underlining the project's success. The deployment covers various hotel areas, including guest rooms, corridors, and common spaces, with centralized cloud management ensuring optimal performance. This partnership sets a new standard in hospitality connectivity.

Cambium Networks (NASDAQ: CMBM) has expanded its cnMatrix switch portfolio by introducing enhanced network automation and a new fiber aggregation switch. This is part of its ONE Network solution aimed at simplifying deployment and operation of wired and wireless technologies through a unified management system.

The ONE Network platform integrates Wi-Fi, switching, security, network services, and SD-WAN, providing centralized management and automation via the cnMaestro™ system. The cnMatrix EX3024F fiber aggregation switch offers 24 SFP+ 10 Gbps fiber ports and advanced L2/L3 capabilities, ensuring scalability for various deployment scenarios and improving network performance, reliability, and security.

The new features include a high-performance architecture and scalable aggregation, alongside powerful out-of-box and policy-based automation, enhancing network operations while reducing costs and complexity.

Cambium Networks announced that its ePMP 4600 has received FCC and ISEDC certification for commercial deployment in the 6 GHz band in the USA, its territories, and Canada. This approval enables service providers to offer over 1 Gbps speeds using the ePMP 4600 technology, which has been rigorously field-tested in over 130 networks. The ePMP 4600 supports up to 120 subscribers per sector with interference tolerance and capacities of up to 4 Gbps per sector. The platform includes features like TDD synchronization, MU-MIMO, and SmartQoS. Cambium's ONE Network offers a comprehensive solution with centralized cloud management, AI-enabled monitoring, and QoE optimization, allowing affordable service delivery in both rural and suburban areas. The 6 GHz Spectrum Availability Tool helps operators pre-check available channels, and the company's equipment leverages Qualcomm’s AFC Suite for simplified frequency coordination.

Cambium Networks (NASDAQ: CMBM) has introduced the ONE Network solution, integrating enterprise Wi-Fi and fixed wireless infrastructure to streamline network deployment across large outdoor areas. The solution enables enterprises, municipalities, and system integrators to efficiently set up private wireless networks in campuses, cities, resorts, and warehouses.

By consolidating all technology stack components into one system, the ONE Network simplifies network management, from provisioning to troubleshooting, through a single interface. This reduces operational complexity and training needs.

Key use cases include municipal Wi-Fi networks, hospitality, education campuses, and warehouse logistics. Examples of successful deployments include citywide Wi-Fi in Huntington Park, CA, public Wi-Fi in Salt Lake City, and property-wide services at Big 4 Howard Springs Holiday Park in Australia.

Cambium Networks (NASDAQ: CMBM), a global provider of broadband networking solutions, announced significant advancements in its fixed wireless infrastructure, supporting national defense, federal and civilian agencies, public safety, and law enforcement. CEO Morgan Kurk emphasized the increasing importance of secure, reliable communications in defense.

In H2 2023, Cambium secured multiple contracts within the defense and security sectors, collaborating with entities like Aikom Technologies, Northrop Grumman, and Wesco Anixter. The company also introduced new products, notably the PTP 700 Beam Steering Outdoor Unit with an integrated smart antenna at the U.S. Army Annual Conference.

Cambium Networks reported its first quarter 2024 financial results, showcasing a sequential revenue increase of 5% but a significant year-over-year decline of 45%. The company experienced a net loss of $26.4 million and an adjusted EBITDA loss of $15.5 million. Despite challenges, Cambium Networks aims for sequential growth throughout 2024.

Cambium Networks and Exertis Enterprise have formed a strategic partnership to offer networking solutions across Europe, focusing on the DACH and Benelux areas. The collaboration aims to provide compelling Wi-Fi experiences for various sectors, including hospitality, education, retail, and more. The partnership offers cost-effective solutions, increased reliability, security, and automation through AI analytics. It also includes a partner program for higher margins and reduced risks for top-tier partners.