Cambium Networks Stock Price, News & Analysis

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.

Cambium Networks (NASDAQ: CMBM) announced plans to report its third quarter 2022 financial results on November 3, 2022. The results will cover the period ending September 30, 2022. A live webcast and conference call will be held at 4:30 p.m. ET on the same day, featuring Atul Bhatnagar, president and CEO, and Andrew Bronstein, CFO. Investors can access the event through the company's investor page. A replay will be available for one year after the call.

Cambium Networks has launched the Cambium ONE Network, a new platform that enhances Internet Service Providers' (ISPs) operations through automation and optimization. This platform integrates various technologies, enabling streamlined management from a central location. Notably, the introduction of 6 GHz fixed wireless technology addresses spectrum congestion issues, significantly increasing throughput capacity. The network aims to solve challenges like resource scarcity and rising subscriber churn, ultimately facilitating better online experiences for users.

Cambium Networks (CMBM) reported Q2 2022 revenues of $69.3 million, a 12% sequential increase, but a 25% decline year-over-year. Enterprise Wi-Fi revenues surged 55% sequentially and 31% year-over-year to $24.0 million. GAAP net income was $2.3 million or $0.08 per diluted share, while non-GAAP net income totaled $5.0 million or $0.18 per share. The company forecasts Q3 revenues between $72.0-$76.0 million and expects improved gross margins. However, lower demand impacted revenues significantly from the prior year.

Cambium Networks (NASDAQ: CMBM) announces a partnership with the City of Paris Social Action Center (CASVP) to deploy a citywide Wi-Fi solution through managed service provider Nomosphère. The project has commenced with 100 of 294 planned locations, utilizing thousands of Wi-Fi access points managed via the cnMaestro™ X platform. This initiative aims to enhance services provided by over 5,000 social workers who assist vulnerable populations, improving care through reliable connectivity for health monitoring and training.

Cambium Networks (CMBM) announced advancements in its fixed wireless solutions supporting defense and national security applications. The company highlights its ongoing contributions to communications for border security and military operations. In the first half of 2022, its technologies were selected for various defense initiatives, including naval base communications and international projects. Cambium's PTP 78700 radio received important government spectrum certification, enhancing deployment options in congested frequency bands. The company also emphasizes its robust security and performance credentials in harsh environments, further establishing its market leadership.

Cambium Networks Corporation (NASDAQ: CMBM) announced that it will report its financial results for the second quarter 2022, which ended on June 30, 2022, on August 4, 2022. A live webcast and conference call are scheduled for 4:30 p.m. ET on the same day, featuring president and CEO Atul Bhatnagar and CFO Andrew Bronstein. Investors can access the webcast on the Cambium Networks investor page. Replays of the call will be available for a limited time.

Cambium Networks (NASDAQ: CMBM) announced its cnHeat network planning software now helps fixed wireless broadband providers meet FCC Broadband Data Collection (BDC) requirements. This software is compatible with various infrastructures and is crucial for enhancing connectivity using the Citizens Broadband Radio Service (CBRS) band. The NTIA Broadband Equity, Access and Deployment (BEAD) program benefits from this tool, aiding providers in reporting and network expansion. A promotional starter kit for PMP 450 equipment is available until September 30.