Cambium Networks Stock Price, News & Analysis

On December 7, 2021, Cambium Networks (CMBM) announced its new 28 GHz cnWave 5G NR-based fixed wireless access solution, designed for high-speed, low-latency performance in low to medium-density areas. Operating from 24.25 to 29.50 GHz and utilizing 112 MHz wide channels, the system can deliver over 3 Gbps throughput and support up to 240 subscribers per sector with a range of 7 km. The solution aims to enhance hybrid network capabilities for service providers, reducing deployment times and costs compared to traditional fiber or mobile networks.

Cambium Networks (NASDAQ: CMBM) has reported a significant increase in optimism among wireless broadband service providers, with 81% expressing confidence in the future, up from 71% in 2020. This fifth annual global survey highlighted the adaptability of service providers in meeting the growing demand for connectivity, especially in urban areas. Challenges identified include 31% citing funding issues and 29% facing RF spectrum availability. The planned availability of new 6 GHz spectrum in 2022 presents growth opportunities for the industry.

Cambium Networks (NASDAQ: CMBM) announced that Lnet has deployed its ePMP™ fixed wireless broadband technology, connecting over 60,000 customers across Libya. The network comprises more than 1,500 Access Points situated on 250 towers, enhancing service in urban and suburban areas. Key features include GPS synchronization and smart beamforming antennas that improve bandwidth and reduce costs. This deployment showcases Lnet's ability to deliver high-quality services effectively, solidifying its position as Libya's largest private internet service provider.

Cambium Networks (NASDAQ: CMBM) reported Q3 2021 revenues of $75.9 million, a 4% increase year-over-year, despite a $16.8 million decrease from Q2 2021 due to global supply constraints. The GAAP net income was $4.6 million ($0.16 per share), down from $5.6 million ($0.21 per share) in Q3 2020. Adjusted EBITDA was $9.6 million (12.6% of revenues), lower than previous quarters. Cambium anticipates Q4 revenues between $73.5-$77.5 million and aims to maintain cost management and innovation.

Cambium Networks (CMBM) announced that Jade Communications is providing multi-gigabit wireless connectivity in Manassa, Colorado, utilizing Cambium's 60 GHz cnWave technology. Customers can access over 500 Mbps and up to 2 Gbps bandwidth. The technology enables faster service installations and reduced costs compared to traditional fiber. Jade has already installed over 65 cnWave units, enhancing services for its 4,500 subscribers. This initiative caters to the growing demand for higher bandwidth due to remote work and education needs.

Cambium Networks (NASDAQ: CMBM) announced the deployment of indoor and outdoor Wi-Fi access points by The Statue of Liberty-Ellis Island Foundation. This network enhances connectivity for over 4 million annual visitors and staff at Liberty Island, where cell service is limited. The upgraded Wi-Fi can support up to 25,000 visitors daily, allowing them to stream and communicate effectively. Cambium's solutions are tailored for high-density environments, ensuring reliable service in the 21,000 square foot museum and outdoor areas.

Cambium Networks (NASDAQ: CMBM) reported preliminary financial results for Q3 2021, projecting GAAP revenues of approximately $75 million, significantly lower than the previous estimate of $88-$92 million. This adjustment is attributed to global supply constraints affecting product shipments, expected to persist into H1 2022. However, demand remains strong, with a 57% increase in year-over-year backlog. Net income is anticipated to fall below prior GAAP and non-GAAP projections, with cash reserves expected to be around $58 million.

Cambium Networks (CMBM) announced the deployment of a public Wi-Fi network in downtown San José, California, as part of the city's Smart City Vision. Utilizing their 60 GHz cnWave technology, this network covers approximately 60 city blocks, enhancing connectivity for over 1 million residents and 80,000 businesses. This project aims to address digital equity, providing essential broadband services for remote learning and tele-health. The first phase of this initiative highlights the importance of wireless solutions in urban environments and reflects Cambium's commitment to connectivity.