Zacks Investment Research downgraded shares of Cambium Networks (NASDAQ:CMBM) from a hold rating to a sell rating in a research report released on Monday morning, Zacks.com reports.

According to Zacks, “Cambium Networks Corp provides wireless broadband networking infrastructure solutions for network operators, including medium-sized wireless Internet service providers, enterprises and government agencies. The Company’s wireless fabric includes intelligent radios, smart antennas, radio frequency, algorithms, wireless-aware switches and cloud-based network management software. Cambium Networks Corp is based in Rolling Meadows, Illinois. “

A number of other equities analysts also recently weighed in on CMBM. Goldman Sachs Group initiated coverage on shares of Cambium Networks in a research note on Monday, July 22nd. They issued a neutral rating and a $11.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Cambium Networks in a report on Monday, July 22nd. They issued an overweight rating and a $18.00 price objective for the company. Deutsche Bank initiated coverage on shares of Cambium Networks in a report on Monday, July 22nd. They issued a hold rating and a $12.00 price objective for the company. Raymond James initiated coverage on shares of Cambium Networks in a report on Monday, July 22nd. They issued an outperform rating and a $12.50 price objective for the company. Finally, CIBC assumed coverage on shares of Cambium Networks in a report on Monday, July 22nd. They issued an outperform rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Cambium Networks currently has a consensus rating of Hold and an average target price of $13.58.

Cambium Networks stock traded down $0.15 during midday trading on Monday, hitting $7.00. The stock had a trading volume of 3,157 shares, compared to its average volume of 28,823. The company has a quick ratio of 1.31, a current ratio of 1.91 and a debt-to-equity ratio of 1.54. Cambium Networks has a 12 month low of $6.81 and a 12 month high of $11.75. The business’s fifty day moving average is $8.45.

Cambium Networks (NASDAQ:CMBM) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The business had revenue of $65.70 million for the quarter, compared to analyst estimates of $69.08 million. As a group, equities research analysts anticipate that Cambium Networks will post 0.46 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new position in shares of Cambium Networks during the third quarter valued at about $30,000. KCL Capital L.P. acquired a new position in Cambium Networks in the second quarter worth about $144,000. Victory Capital Management Inc. acquired a new position in Cambium Networks in the second quarter worth about $96,000. Point72 Hong Kong Ltd acquired a new position in Cambium Networks in the second quarter worth about $91,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Cambium Networks in the second quarter worth about $62,000. 15.04% of the stock is owned by institutional investors and hedge funds.

Cambium Networks Company Profile

Cambium Networks Corporation, through its subsidiaries, provides wireless broadband networking infrastructure products and solutions for network operators. Its wireless fabric includes intelligent radios, smart antennas, RF algorithms, wireless-aware switches, and network management software. The company offers point-to-point solutions that are connected to high-speed, high-bandwidth wireline networks; and wireless broadband backhaul to facilities or point-to-multipoint access points deployed throughout a network over distances of approximately 100 kilometers and at two gigabytes per second.

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Analyst Recommendations for Cambium Networks (NASDAQ:CMBM)

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