Core Viewpoint - Cambium Networks Corporation is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its business operations and financial health during the class period from May 8, 2023, to January 18, 2024 [2][5]. Group 1: Allegations - The complaint alleges that Cambium Networks had a buildup of inventory in its distribution channels [5]. - It is claimed that the company and its distributors were likely to offer aggressive discounts to reduce high channel inventories [5]. - The company's revenue was expected to decline sequentially until the excess channel inventory was sold through [5]. - Cambium was likely to incur significant charges to write down excess and obsolete inventory [5]. - As a result of these issues, the company's fiscal 2023 revenue and earnings were adversely affected [5]. - The positive statements made by the defendants about the company's business, operations, and prospects were materially misleading and lacked a reasonable basis [5]. Group 2: Class Action Details - The deadline for shareholders to register for the class action is July 22, 2024 [4][6]. - Shareholders who purchased shares of Cambium Networks during the class period are encouraged to contact the Gross Law Firm regarding possible lead plaintiff appointment [4]. - Registration for the class action allows shareholders to be enrolled in a portfolio monitoring software for status updates throughout the case lifecycle [6].

Group 1 - Cambium Networks Corporation plans to report its financial results for the second quarter of 2024, which ended on June 30, 2024, on August 8, 2024 [2] - A live webcast and conference call will be held on August 8, 2024, at 4:30 p.m. ET, featuring CEO Morgan Kurk and CFO Jacob Sayer [3] - The company provides wireless networking infrastructure solutions, enabling service providers, enterprises, industrial organizations, and governments to deliver exceptional digital experiences [5] Group 2 - Cambium Networks' ONE Network platform simplifies the management of wired and wireless broadband and network edge technologies, allowing customers to focus on their business [5]

SAN DIEGO, July 02, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased Cambium Networks Corporation (NASDAQ: CMBM) securities between May 8, 2023 and January 18, 2024. Cambium, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call a ...

NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Cambium Networks Corporation (NASDAQ: CMBM). https://securitiesclasslaw.com/securities/cambium-networks-loss-submission-form/?id=88051&from=3 CLASS PERIOD: May 8, 2023 to January 18, 2024 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) there was a buildup of inventory in the Company's ...

CONTACT US HERE: CLASS PERIOD: May 8, 2023 to January 18, 2024 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of CMBM during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is July 22, 2024. There is no cost or obligation to you to participate in this case. SOURCE The Gross Law Firm Shareholders who purchased shares of ...

NEW YORK, June 26, 2024 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Cambium Networks Corporation ("Cambium" or the "Company") (NASDAQ: CMBM) and reminds investors of the July 22, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/ ...

NEW YORK, June 25, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Cambium Networks Corporation (NASDAQ: CMBM). CONTACT US HERE: CLASS PERIOD: May 8, 2023 to January 18, 2024 DEADLINE: July 22, 2024 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/cambium-networks-loss-submission-form/? id=87116&from=4 WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class acti ...

Cambium Network Corporation (CMBM) recently announced that it had received FCC and ISED certification for its PMP 450v Fixed Wireless Access Point and Subscriber Module. The accreditation is likely to strengthen the platform's reliability and durability in meeting the diverse demands of telecommunications sector worldwide. PMP 450v is Cambium's second fully accredited 6 GHz platform designed by integrating wireless broadband access solutions like ePMP 4600 and ePMP Force 4625 and is renowned for its scalabi ...

HOFFMAN ESTATES, Ill., June 24, 2024 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provider of networking solutions, today announced significant investments in its ConnectedPartner channel program aimed at providing more value and tools to its Enterprise partners such as Managed Wi-Fi Service Providers, Value Added Resellers, and System Integrators. The enhanced program introduces an Elite partner level, offering a host of new benefits designed to accelerate growth, reduce risk, and incr ...

LOS ANGELES, June 21, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming July 22, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Cambium Networks Corporation ("Cambium" or the "Company") (NASDAQ: CMBM) securities between May 8, 2023 and January 18, 2024, inclusive (the "Class Period"). If you suffered a loss on your Cambium investments or would like to inquire about potentially pur ...