Cambium Networks Stock Price, News & Analysis

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.

Cambium Networks (CMBM) announced the delivery of Microwave Line-of-Sight radios to Advanced Technology Systems Company as part of the U.S. Army's $191 million Security Surveillance System (SSS) program. This indefinite delivery, indefinite quantity (IDIQ) contract, with an estimated completion date in 2029, enhances broadband communications infrastructure for federal security applications. Cambium's defense solutions meet stringent security requirements, ensuring robust connectivity across military and defense sectors.

Cambium Networks reported Q1 2022 revenues of $61.9 million, down 21% sequentially and 30% year-over-year, largely due to supply chain issues caused by COVID lockdowns in China. Despite this, enterprise Wi-Fi revenue rose 28% year-over-year to $15.5 million. The GAAP net loss was $1.6 million, or $0.06 per diluted share, while non-GAAP net income was $0.3 million, or $0.01 per diluted share. Looking ahead, for Q2 2022, revenues are projected to be between $65.0-$73.0 million.