Cambium Networks Stock Price, News & Analysis

HealthSignals announced that Fairmount Homes, a continuing care retirement community in Ephrata, PA, has significantly improved its Wi-Fi user experience since deploying Cambium Networks' technology. The solution, covering approximately 400 residents and 320 staff, boosted network performance with a 69% increase in data usage over the last year. Daily unique device connections average 448, consuming about 400 terabytes monthly. Trouble reports have decreased by 80%, enhancing productivity and enabling critical functions like telehealth. Cambium's solution is preferred for its cost-effectiveness and faster implementation compared to fiber.

Cambium Networks (NASDAQ: CMBM) announced advancements in its PMP 450 software that can boost throughput capacity by up to 30% without requiring equipment replacement. This enhancement is crucial as demand for broadband services grows, allowing service providers to offer over 100 Mbps to customers using existing infrastructures. New Customer Premise Equipment (CPE) antenna options can extend range by more than 30%. The improvements have reportedly resulted in a 50 Mbps downlink throughput increase and reduced latency. The company aims to support broadband growth globally, with over 2 million PMP 450 modules shipped since inception.

Cambium Networks (NASDAQ: CMBM) has secured a multi-million-dollar contract with the Department of Defense to provide a private wireless network solution. The collaboration with Future Technologies Venture, LLC will enable critical connectivity for a Private 5G network and support mission-critical applications, including IoT, asset tracking, and AR/VR. Key products involved include the PTP 700, noted for its dynamic spectrum optimization capabilities. This initiative underscores Cambium's commitment to reliable solutions in challenging environments.

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.