Cambium Networks Corp reports results for the quarter ended in September 30 - Earnings Summary

Reuters
08 Nov 2024
<a href="https://laohu8.com/S/CMBM">Cambium Networks</a> Corp reports results for the quarter ended in September 30 - Earnings Summary
  • 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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