Cambium Networks (CMBM) reported earnings on February 15 after its negative pre-announcement on January 18. While the company hit the pre-announced revenue number at $40.2 million, the EPS loss of $0.95 was significantly below consensus of a loss of $0.39. Enterprise weakness and continued discounting to move inventory were the main causes for the profit weakness (non-GAAP gross margin came in at -19.4%, historically this has been in the 47-50% range). The company expects 1H24 to be challenging,...
On January 18, 2024, Cambium preannounced that 4Q23 revenue would likely come in at $40 million, below its guidance of $45.0-50.0 million provided on November 2, 2023. This is the third revenue miss in a row. Cambium stated that the revenue miss was driven by $11 million in distributor incentives in 4Q23. While the company shipped $51 million of product, it recognizes revenue on sell-in to the channel so recognized revenue was significantly lower. The company indicated that this represents a con...
Cambium Networks (CMBM) is a leading mid-market wireless solutions provider. Growth is being driven by 5G and new 6 GHz products. The company believes its strengths are its RF algorithms and software. The cnMaestro X network management solution makes significant use of AI and lies at the center of the company’s product suite. CMBM negatively preannounced its 3Q23, missing the midpoint of revenue guidance by 35%. The miss was driven by a delay in US defense orders, sluggish point-to-multipoint (P...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
Cambium Networks Corporation Announces Pricing of Secondary Offering ROLLING MEADOWS, Ill., June 03, 2021 (GLOBE NEWSWIRE) -- Cambium Networks Corporation (Nasdaq: CMBM) (“Cambium”), a leading global provider of wireless networking infrastructure, today announced the pricing of an underwritten secondary public offering of 2,000,000 ordinary shares to be sold by Vector Cambium Holdings (Cayman), L.P. (“VCH, L.P.”), which is owned by Vector Capital and certain of its affiliates (together with VCH, L.P., “Vector Capital”), at a public offering price of $48.00 per share, for total gross proce...
Cambium Networks Corporation Announces Launch of Secondary Offering ROLLING MEADOWS, Ill., June 01, 2021 (GLOBE NEWSWIRE) -- Cambium Networks Corporation (Nasdaq: CMBM) (“Cambium”), a leading global provider of wireless networking infrastructure, today announced that it has launched an underwritten secondary public offering of 2,000,000 ordinary shares to be sold by Vector Cambium Holdings (Cayman), L.P. (“VCH, L.P.”), which is owned by Vector Capital and certain of its affiliates (together with VCH, L.P., “Vector Capital”). In addition, Vector Capital intends to grant the underwriter a 3...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
Cambium Networks Reports First Quarter 2021 Financial Results Record revenues of $88.5 million, increased 7% sequentially, up 46% year-over-yearGross margin of 49.9%, non-GAAP(1) gross margin of 50.1%Record operating income of $13.4 million, record non-GAAP operating income of $15.5 millionRecord net income of $19.9 million or $0.70 per diluted share, record non-GAAP(1) net income of $11.7 million or $0.41 per diluted shareRecord Adjusted EBITDA(1) of $16.5 million or 18.6% of revenues ROLLING MEADOWS, Ill., May 06, 2021 (GLOBE NEWSWIRE) -- (“Cambium Networks”) (NASDAQ: CMBM), a leading...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
Cambium Networks Corporation Announces First Quarter 2021 Reporting Date ROLLING MEADOWS, Ill., April 20, 2021 (GLOBE NEWSWIRE) -- (“Cambium Networks”) (NASDAQ: CMBM), a leading provider of wireless networking infrastructure solutions, today announced that it plans to report financial results for the first quarter 2021 ended March 31, 2021 on Thursday, May 6, 2021. Conference Call and Webcast Cambium Networks will host a live webcast and conference call to discuss its financial results and Q&A at 4:30 p.m. ET, on May 6, 2021. On the call will be Atul Bhatnagar, president and CEO, and S...
Cambium Networks Reports Fourth Quarter and Full Year 2020 Financial Results Record revenues of $82.8 million, increased 13% sequentially, up 29% year-over-yearGross margin of 51.0%, non-GAAP(1) gross margin of 51.2%Record net income of $10.5 million or $0.38 per diluted share, record non-GAAP(1) net income of $10.7 million or $0.38 per diluted shareRecord Adjusted EBITDA(1) of $13.9 million or 16.8% of revenuesNet cash provided by operating activities $15.1 million ROLLING MEADOWS, Ill., Feb. 18, 2021 (GLOBE NEWSWIRE) -- (“Cambium Networks”) (NASDAQ: CMBM), a leading provider of wi...
Cambium Networks Corporation Announces Fourth Quarter and Full Year 2020 Reporting Date ROLLING MEADOWS, Ill., Jan. 22, 2021 (GLOBE NEWSWIRE) -- (“Cambium Networks”) (NASDAQ: CMBM), a leading provider of wireless networking infrastructure solutions, today announced that it plans to report financial results for the fourth quarter and full year 2020 ended December 31, 2020 on Thursday, February 18, 2021. Conference Call and Webcast Cambium Networks will host a live webcast and conference call to discuss its financial results and Q&A at 4:30 p.m. ET, on February 18, 2021. On the call will...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
Cambium Networks Corporation Announces Pricing of Secondary Offering ROLLING MEADOWS, Ill., Dec. 03, 2020 (GLOBE NEWSWIRE) -- Cambium Networks Corporation (Nasdaq: CMBM) (“Cambium”), a provider of wireless networking infrastructure solutions, today announced the pricing of an underwritten secondary public offering of 2,500,000 ordinary shares to be sold by Vector Cambium Holdings (Cayman), L.P. (“VCH, L.P.”), which is owned by Vector Capital and certain of its affiliates (together with VCH, L.P., “Vector Capital”), at a public offering price of $28.00 per share, for total gross proceeds t...
Cambium Networks Corporation Announces Launch of Secondary Offering ROLLING MEADOWS, Ill., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Cambium Networks Corporation (Nasdaq: CMBM) (“Cambium”), a provider of wireless networking infrastructure solutions, today announced that it has launched an underwritten secondary public offering of 2,500,000 ordinary shares to be sold by Vector Cambium Holdings (Cayman), L.P. (“VCH, L.P.”), which is owned by Vector Capital and certain of its affiliates (together with VCH, L.P., “Vector Capital”). In addition, Vector Capital intends to grant the underwriters a 30-da...
Cambium Networks Reports Third Quarter 2020 Financial Results Record revenues of $73.0 million, increased 17% sequentially, up 11% year-over-yearGross margin of 49.4%, non-GAAP(1) gross margin of 49.7%Record net income of $5.6 million or $0.21 per diluted share, record non-GAAP(1) net income of $7.8 million or $0.29 per diluted shareAdjusted EBITDA(1) of $11.4 million or 15.6% of revenuesNet cash provided by operating activities $16.4 millionLaunched breakthrough 60 GHz cnWave fixed wireless broadband, offering multi-gigabit performance at a fraction of the cost of fiber ROLLING MEADOWS, I...
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In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
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