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Cambium Networks Corporation - $CMBM STOCK NEWS

Welcome to our dedicated page for Cambium Networks Corporation news (Ticker: $CMBM), a resource for investors and traders seeking the latest updates and insights on Cambium Networks Corporation 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'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's position in the market.

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.
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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.
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Rhea-AI Summary
Cambium Networks announces a major upgrade of its cnMaestro management system, enabling enterprises and service providers to integrate new end-to-end security and automation capabilities across their networks. The upgrade includes features such as site-to-site VPNs, multi-factor authentication, content filtering, and more. It also supports the provisioning and management of cnWave 5G Fixed millimeter wave fixed wireless solutions.
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Cambium Networks Corporation

Nasdaq:CMBM

CMBM Rankings

CMBM Stock Data

99.31M
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.