Cambium Networks Corp CMBM.OQ reported a quarterly adjusted loss of 14 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -44 cents. The mean expectation of six analysts for the quarter was for a loss of 17 cents per share. Wall Street expected results to range from -20 cents to -16 cents per share.
Revenue rose 1.6% to $43.73 million from a year ago; analysts expected $45.31 million.
Cambium Networks Corp's reported EPS for the quarter was a loss of 14 cents.
The company reported a quarterly loss of $9.68 million.
Cambium Networks Corp shares had fallen by 28.4% this quarter and lost 78.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 15.9% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the wireless telecommunications services peer group is also "buy"
Wall Street's median 12-month price target for Cambium Networks Corp is 4.00
This summary was machine generated from LSEG data November 8 at 05:03 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Sep. 30 2024 | -0.17 | -0.14 | Beat |
Jun. 30 2024 | -0.21 | -0.25 | Missed |
Mar. 31 2024 | -0.23 | -0.46 | Missed |
Dec. 31 2023 | -0.39 | -0.95 | Missed |
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