Welcome to our dedicated page for Cambium Networks news (Ticker: CMBM), a resource for investors and traders seeking the latest updates and insights on Cambium Networks stock.
Cambium Networks Corporation (NASDAQ: CMBM) delivers wireless broadband solutions enabling secure connectivity across enterprise, government, and service provider networks. This news hub provides investors and industry professionals with direct access to official announcements, financial disclosures, and strategic developments from the networking technology leader.
Monitor critical updates including quarterly earnings results, new product launches like Wi-Fi 7 access points, and global partnership expansions. Our curated feed includes regulatory filings, management commentary on market trends, and deployment case studies showcasing Cambium's solutions in education, public safety, and rural connectivity projects.
Bookmark this page for streamlined tracking of CMBM's innovations in cloud-managed networking and emerging spectrum technologies. Stay informed about operational milestones through verified press releases, avoiding third-party speculation. Regular updates ensure timely awareness of developments impacting Cambium's position in the $12B+ wireless infrastructure market.
Cambium Networks (CMBM) and Future Technologies Venture have partnered on a multi-year, multi-million dollar project to enhance wireless communications for a Fortune 150 oil and gas producer. The initiative aims to reduce costs by 60% while eliminating downtime. Utilizing Cambium's technology, the project includes multiple network applications, ensuring efficient oil field operations. Notably, the project reduces the timeline by 25% and minimizes operational disruptions. Completion is expected in 2023, with a focus on centralized management for improved performance.
Cambium Networks (NASDAQ: CMBM) announced the immediate departure of CFO Stephen Cumming, with Andrew Bronstein appointed as his successor. Bronstein brings over 30 years of finance and operational leadership experience, having held CFO roles in various manufacturing and technology companies. He has expertise in supply chain efficiency and software monetization. Cambium Networks will report its first quarter 2022 financial results on May 5, 2022. The CEO expressed gratitude for Cumming's contributions during his tenure.
Cambium Networks Corporation (CMBM) has released preliminary financial results for Q1 2022, projecting revenues between $61 million and $63 million, significantly lower than the previous forecast of $77.5 million to $81.5 million. This adjustment is attributed to COVID-related lockdowns in Shenzhen and Shanghai, which hindered manufacturing and distribution. Furthermore, net income is expected to fall below earlier estimates. Despite these challenges, a recovery in revenues is anticipated in Q2, supported by a 10% year-over-year increase in backlog.
Cambium Networks (CMBM) has partnered with Desert iNET to deliver high-speed tiered broadband services using its 60 GHz cnWave fixed wireless technology. This enables multi-gigabit access for residential subscribers, offering faster service delivery than traditional fiber trenching. The service boasts Gigabit download speeds and low latency, enhancing user experiences for gaming and streaming. Desert iNET is onboarding over 15 new customers weekly, demonstrating strong demand and operational efficiency. The solution leverages advanced technologies, including Terragraph meshing and cloud management, to provide reliable connectivity.
Cambium Networks (NASDAQ: CMBM) has successfully enhanced connectivity at the Villas of Holmdel, a New Jersey assisted living facility. The integration of Wi-Fi 6 access points and cnMatrix switches has resolved staffing challenges and elevated care standards amidst a nursing shortage. Managed via cnMaestro, the system offers cost-effective solutions, reducing installation costs by 33%. Independent assessments confirm Cambium's solutions outperform competitors in both performance and total cost of ownership, setting the stage for future IoT applications.
Cambium Networks (CMBM) launched a new Quality of Experience (QoE) solution aimed at fixed wireless broadband service providers, enhancing customer satisfaction and reducing churn. This solution features TCP Acceleration, granular application shaping, and rate limiting, all designed to optimize network performance. By integrating with Cambium's existing equipment and cnMaestro cloud management, operators can offer tailored service levels while simultaneously lowering costs and improving performance. The solution also aids service providers in mitigating Denial of Service (DoS)
Cambium Networks (CMBM) has launched the cnHeat 2.0 network planning subscription service, enhancing capabilities for wireless network operators. This service utilizes LiDAR data for high-resolution heatmapping, optimizing CAPEX and OPEX. The cnHeat 2.0 allows immediate site adjustments and quick prediction results within minutes for various frequencies, including 60 GHz. Established since 2019, cnHeat has facilitated thousands of models, enabling efficient RF planning and improved customer satisfaction.
Cambium Networks (CMBM) announced its fourth quarter and full year 2021 financial results, highlighting revenues of $78.7 million for Q4, down 5% year-over-year but up 4% sequentially. Full year revenues rose 21% to $335.9 million. GAAP net income for Q4 was $1.4 million or $0.05 per diluted share, compared to $10.5 million or $0.38 per diluted share in Q4 2020. The company forecasts Q1 2022 revenues between $77.5-$81.5 million and full year revenues between $355.0-$365.0 million. Demand for broadband infrastructure is expected to grow, driven by government funding and remote work trends.
Cambium Networks Corporation (CMBM) announced it will report its financial results for the fourth quarter and full year 2021 on February 17, 2022. A live webcast and conference call will follow at 4:30 p.m. ET that same day, hosted by Atul Bhatnagar (President and CEO) and Stephen Cumming (CFO). Investors can access the call via the investor page of their website. The results will provide insights into the company’s performance and strategic direction, crucial for stakeholders and market analysts.
Cambium Networks (CMBM) has launched new Wi-Fi 6E solutions, notably the XE-series software-defined access points, which enhance enterprise wireless networking capabilities. These solutions utilize software-defined radios for seamless migration to the 6 GHz band, significantly increasing network capacity and performance in high-density environments. The XE3-4 and XE5-8 access points are priced at $895 and $2195, respectively, with availability slated for Q1 and Q2 2022. This innovation aims to meet rising demands for better streaming and data experiences across various sectors, including education and healthcare.
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