Cambium Networks Corporation (CMBM) recently released its preliminary fourth-quarter 2024 results, providing insights into its business operations amid a challenging macroeconomic environment. In the fourth quarter of fiscal 2024, Cambium is expected to have recorded revenues of $34 million, down from the previous estimated range of $40-45 million. This also indicates a decline from the $40.2 million reported in the year-ago quarter. The company is projected to report a net loss of $47 million or a loss of ...

HOFFMAN ESTATES, Ill., March 31, 2025 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks" or the "Company") (NASDAQ: CMBM), a leading provider of wireless and wired networking infrastructure solutions, today announced that it has filed a Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Cambium Networks has determined that it is unable to file, without unreasonable effort or expense, its Annual Report on Form 1 ...

HOFFMAN ESTATES, Ill., March 4, 2025 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provider of networking solutions, today announced that its latest Wi-Fi 7 indoor access point, the X7-35X, has successfully earned OpenRoaming™ certification from the Wireless Broadband Alliance (WBA) at its Wireless Global Conference APAC 2025 event held January 21-23 in Bangkok, Thailand. This milestone underscores Cambium's commitment to delivering seamless, secure, and scalable wireless connectivity fo ...

For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Cambium (CMBM) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.Cambium is a member of the Computer and Technology sector. This group includes 607 individual stocks and currently holds a Zacks Sector Rank of #5. The Zac ...

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with Cambium (CMBM) identified as a strong candidate due to its favorable growth metrics and Zacks Rank [2][10]. Group 1: Earnings Growth - Cambium's historical EPS growth rate is 3.4%, but projected EPS growth for this year is expected to be 96.4%, significantly surpassing the industry average of 41.4% [5]. Group 2: Asset Utilization Ratio - Cambium has an asset utilization ratio (sales-to-total-assets ratio) of 0.77, indicating that the company generates $0.77 in sales for every dollar in assets, compared to the industry average of 0.36, showcasing superior efficiency [6]. Group 3: Sales Growth - The company's sales are projected to grow by 15.6% this year, which is substantially higher than the industry average growth of 1.5% [7]. Group 4: Earnings Estimate Revisions - The current-year earnings estimates for Cambium have been revised upward, with the Zacks Consensus Estimate increasing by 2.5% over the past month, indicating a positive trend in earnings revisions [8]. Group 5: Overall Positioning - Cambium holds a Zacks Rank of 2 (Buy) and a Growth Score of A, positioning it well for potential outperformance in the growth stock category [10].

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score ...

Core Viewpoint - Cambium (CMBM) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Cambium is expected to earn -$0.98 per share for the fiscal year ending December 2024, reflecting a year-over-year change of 10.9% [8]. Analyst Sentiment and Market Position - Analysts have raised their earnings estimates for Cambium, with the Zacks Consensus Estimate increasing by 11.5% over the past three months [8]. - The upgrade to Zacks Rank 2 places Cambium in the top 20% of Zacks-covered stocks, suggesting potential for higher stock movement in the near term [10]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of performance, particularly for Zacks Rank 1 stocks which have generated an average annual return of +25% since 1988 [7][9].

For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Cambium (CMBM) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.Cambium is one of 609 companies in the Computer and Technology group. The Computer and Technology group currently sits at #2 within the Zacks Sector Rank. ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth ...

Financial Performance - Total revenue for the three-month period ended September 30, 2024, was $43.7 million, an increase of 1.6% year-over-year[110] - Operating loss for the same period was $8.1 million, with a net loss of $9.7 million[110] - Revenues for the three-month period ended September 30, 2024, increased by $0.7 million, or 1.6%, to $43.7 million compared to $43.0 million for the same period in 2023, driven primarily by higher Enterprise product revenues[120] - The company reported a net loss of $9.7 million for the three-month period ended September 30, 2024, compared to a net loss of $26.2 million in the same period of 2023[120] - Revenues decreased by $48.0 million, or 26.7%, to $132.0 million for the nine-month period ended September 30, 2024, from $180.0 million for the same period in 2023[135] Revenue Breakdown - Revenues from Enterprise products are beginning to rebound, with expectations for continued improvement throughout the remainder of 2024[105] - Enterprise product revenues surged by $12.7 million, or 506.6%, from $2.5 million in 2023 to $15.2 million in 2024, with significant growth in Europe, Middle East, and Africa regions[124] - Point-to-Multi-Point product revenues decreased by $5.6 million, or 23.7%, from $23.6 million in 2023 to $18.0 million in 2024, primarily due to lower demand in Europe, Middle East, and Africa[122] - North America revenues increased by $3.5 million, or 19.9%, from $17.8 million in 2023 to $21.3 million in 2024, driven by higher demand for Wi-Fi 6 products[125] - Europe, Middle East, and Africa revenues decreased by $2.1 million, or 14.5%, from $14.3 million in 2023 to $12.2 million in 2024, mainly due to lower demand for PMP and PTP products[125] Cost Management - Total operating expenses decreased by $7.6 million, or 22.9%, from $33.1 million in 2023 to $25.5 million in 2024, with notable reductions in research and development and general and administrative expenses[128] - Research and development expenses fell by $3.9 million, or 29.5%, to $9.3 million in 2024, primarily due to lower staff-related costs and reduced engineering materials spending[129] - General and administrative expense decreased by $2.5 million, or 29.2%, to $6.1 million for the three-month period ended September 30, 2024, from $8.7 million for the same period in 2023[131] - Sales and marketing expense decreased by $5.0 million, or 15.4%, to $27.8 million for the nine-month period ended September 30, 2024, from $32.9 million for the same period in 2023[145] Macroeconomic Factors - The company is facing softened demand due to macroeconomic factors, including higher interest rates and concerns about a global economic slowdown[104] - The company continues to monitor the impact of macroeconomic factors, including inflationary pressures and potential global recession[106] Debt and Compliance - As of September 30, 2024, the company was not in compliance with its quarterly EBITDA covenant under its Amended Credit Agreement[109] - The company is seeking forbearance from Bank of America due to noncompliance with the quarterly EBITDA covenant and monthly liquidity covenant as of October 31, 2024[157] - As of September 30, 2024, the company had $22.8 million outstanding on the term loan and $45.0 million on the revolving credit facility, with effective interest rates of 8.85% and 8.66%, respectively[156] Cash Flow and Liquidity - Cash balance increased by $27.8 million to $46.5 million as of September 30, 2024, following a $45.0 million draw on the revolving credit facility[150] - Net cash used in operating activities improved from $10.7 million in 2023 to $4.3 million in 2024, despite a net loss of $45.3 million[153] - Cash used in investing activities increased to $10.8 million in 2024, primarily due to leasehold improvements for the new headquarters[154] - Net cash provided by financing activities was $43.0 million in 2024, mainly from the drawdown on the revolving credit facility[155] Impairment and Valuation - The fair value of the Company's one reporting unit was higher than its carrying value, indicating no impairment of goodwill as of September 30, 2024[165] - No impairment charges were identified in the recoverability test of long-lived assets as of September 30, 2024[167] Interest Expense - Interest expense increased from $0.6 million in 2023 to $1.4 million in 2024, reflecting higher borrowing costs[120] - Interest expense increased by $0.8 million, or 126.3%, to $1.4 million for the three-month period ended September 30, 2024, from $0.6 million for the same period in 2023[132] - Interest expense increased by $1.8 million, or 99.8%, to $3.6 million, driven by higher interest rates on the term loan and the addition of interest on the revolving credit facility[148] Market Risks - The Company has not entered into any foreign currency hedging transactions, exposing it to risks related to fluctuations in foreign currency exchange rates[169] - The Company’s revenue contracts are primarily denominated in U.S. dollars, making it vulnerable to fluctuations in foreign currency values[169] - There have been no material changes in market risk since December 31, 2023[172]