Cambium Networks Stock Price, News & Analysis

Cambium Networks (NASDAQ: CMBM) has secured a contract with the Federal Bureau of Investigation (FBI) to implement fixed wireless microwave broadband radios for the FBI's national security video surveillance program. This announcement, made on February 21, 2023, highlights the company's commitment to national security. With this new order, Cambium has deployed over 160 systems for the FBI, showcasing its robust capabilities in wireless communication solutions tailored for high-stakes environments. The advanced microwave technology provides flexibility and superior performance, critical for mission-critical applications.

Cambium Networks reported Q4 2022 revenues of $84.5 million, a 4% increase from Q3 2022 and a 7% rise year-over-year. North America revenue surged by 47% sequentially and 33% year-over-year. GAAP net income was $10.0 million or $0.35 per diluted share. Full-year revenues totaled $296.9 million, down 12% from 2021, with GAAP net income decreasing from $37.4 million in 2021 to $20.2 million in 2022. For Q1 2023, revenues are projected between $74.0 million and $80.0 million, signaling growth potential. Cambium's strong performance in the Enterprise sector and innovations in wireless solutions are key growth drivers.

Cambium Networks (NASDAQ: CMBM) announced advancements in its fixed wireless infrastructure solutions, catering to national defense, security, and communication needs. The company highlighted its successful contract awards since Q2 2022, including tactical defense programs for the U.S. Army, Navy, Marine Corps, and Air Force, as well as major contracts in Europe and Africa. Cambium's PTP 78700 microwave radio recently received government certification, enhancing its operational capabilities. The company emphasizes its commitment to delivering reliable communications in critical defense scenarios, showcasing robust product performance and various accreditations.

Cambium Networks Corporation (NASDAQ: CMBM) has announced plans to report its fourth quarter and full year 2022 financial results on February 16, 2023, after the market closes. The results will be discussed in a live webcast and conference call at 4:30 p.m. ET, featuring President and CEO Atul Bhatnagar and CFO Andrew Bronstein. Interested participants can register for the call in advance and access the live stream via the company’s investor website.

Cambium Networks has launched the ePMP 4600, a next-gen fixed wireless platform leveraging the 6 GHz spectrum to deliver up to 4 Gbps throughput. This technology aims to enhance broadband access, especially in rural areas, enabling service providers to offer up to 1 Gbps service packages rapidly. The FCC is anticipated to fully open the 6 GHz band in 2023, which will accelerate deployment. Cambium's ePMP 4600 is part of its broader ONE Network, which simplifies network management across diverse technologies.

Cambium Networks (CMBM) reported Q3 2022 revenues of $81.2 million, marking a 17% increase sequentially and 7% year-over-year. Notably, Enterprise revenues surged to $38.3 million, up 60% sequentially and 257% year-over-year. The company achieved a gross margin of 50.7% and net income of $9.4 million or $0.34 per diluted share. For Q4 2022, Cambium anticipates revenues between $80.0-$84.0 million with net income expected between $3.9-$5.4 million.

Cambium Networks has announced the launch of its cnWave 60 GHz V2000 client node, designed for reliable multi-gigabit backhaul in various applications such as video surveillance and outdoor Wi-Fi. This new solution promises less than 1 ms latency and can deliver throughput of up to 5 Gbps over distances of 1 kilometer. Targeting municipalities and enterprises, the V2000 offers a cost-effective alternative to traditional fiber networks, and its deployment could significantly enhance connectivity options across urban environments, presenting faster revenue opportunities.

Cambium Networks (NASDAQ: CMBM) launched the Cambium ONE Network for Enterprise, a framework designed to enhance efficiency and ease of network management for enterprises and MSPs. This new solution includes Network Service Edge (NSE) integration, offering SD-WAN, security features, and application visibility. Additionally, Cambium introduced four new Wi-Fi 6 and 6E Access Points, extending its access portfolio to better serve various market needs. Overall, these innovations aim to simplify operations and optimize application performance for IT teams.

Cambium Networks (NASDAQ: CMBM) has unveiled four new indoor and outdoor access points (APs) powered by Qualcomm's Wi-Fi 6 and 6E technology. Designed for diverse enterprise needs, these APs promise high-performance connectivity while ensuring low total cost of ownership. They cater to various sectors including hospitality, education, and healthcare, and are easy to install, making them suitable for organizations with limited IT resources. This product launch aligns with the Cambium ONE Network initiative, aiming to streamline networking and security solutions for enterprises.