Cambium (CMBM) reported $45.95 million in revenue for the quarter ended June 2024, representing a yearover-year decline of 22.8%. EPS of -$0.25 for the same period compares to $0.03 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $45.92 million, representing a surprise of +0.06%. The company delivered an EPS surprise of -19.05%, with the consensus EPS estimate being -$0.21. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

Core Viewpoint - Cambium Networks (CMBM) reported a quarterly loss of $0.25 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.21, and a significant decline from earnings of $0.03 per share a year ago, indicating ongoing financial struggles for the company [1][2]. Financial Performance - Cambium's revenues for the quarter ended June 2024 were $45.95 million, slightly exceeding the Zacks Consensus Estimate by 0.06%, but down from $59.54 million in the same quarter last year [2]. - Over the last four quarters, Cambium has not surpassed consensus EPS estimates, reflecting a consistent underperformance [2]. Stock Performance - Cambium shares have declined approximately 70.5% since the beginning of the year, contrasting sharply with the S&P 500's gain of 9% [3]. - The current Zacks Rank for Cambium is 4 (Sell), indicating expectations for continued underperformance in the near future [6]. Earnings Outlook - The consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $59.36 million, and for the current fiscal year, it is -$0.60 on revenues of $216.2 million [7]. - The trend of estimate revisions for Cambium has been unfavorable leading up to the earnings release, which may impact future stock performance [6]. Industry Context - Cambium operates within the Wireless National industry, which is currently ranked in the bottom 25% of over 250 Zacks industries, suggesting a challenging environment for growth [8].

Exhibit 99.1 Cambium Networks Reports Second Quarter 2024 Financial Results • Revenues of $45.9 million increased 9% sequentially • Gross margin of 31.4%, non-GAAP(1) gross margin of 33.5% • Operating loss of $12.1 million, non-GAAP(1) operating loss of $7.9 million • Net loss of $9.1 million or a loss of $0.33 per diluted share, non-GAAP(1) net loss of $7.1 million or a loss of $0.25 per diluted share • Net cash provided by operating activities of $2.4 million; $42.6 million cash on the balance sheet • Adj ...

Revenues of $45.9 million increased 9% sequentially Gross margin of 31.4%, non-GAAP(1) gross margin of 33.5% Operating loss of $12.1 million, non-GAAP(1) operating loss of $7.9 million Net loss of $9.1 million or a loss of $0.33 per diluted share, non-GAAP(1) net loss of $7.1 million or a loss of $0.25 per diluted share Net cash provided by operating activities of $2.4 million; $42.6 million cash on the balance sheet Adjusted EBITDA(1) loss of $6.7 million or (14.5)% of revenues, an improvement of 57% seque ...

Core Insights - Cambium Networks and Cal.net have announced the deployment of a 6 GHz fixed wireless access network, following FCC approval for outdoor use of the 6 GHz spectrum, aimed at providing high-speed internet to underserved communities [1][6] - The 6 GHz spectrum offers 850 MHz in the US and 950 MHz in Canada, addressing congestion in the 5 GHz spectrum and enabling service providers to enhance customer experiences with faster speeds [2] - Cambium Networks' ePMP 4600 platform supports the entire 6 GHz spectrum, allowing service providers to deliver gigabit speeds affordably, with capabilities for up to 120 subscribers per sector and a capacity of up to 4 Gbps per sector [3][4] Company Overview - Cambium Networks provides wireless and wired networking solutions, enabling service providers and organizations to deliver exceptional digital experiences with a focus on cost-effective connectivity [7] - Cal.net is a hybrid fiber and wireless internet provider in rural California, dedicated to bridging the digital divide by offering reliable and affordable high-speed broadband services to underserved communities [8]

NEW YORK, July 22, 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=91391&from=3 WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed t ...

WHAT TO DO NEXT: To join the Cambium class action, go to https://rosenlegal.com/submit-form/? case_id=25517 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 22, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. No Class Has Been Certified. Until ...

Shareholders who purchased shares of CMBM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery. If you are a shareholder who suffered a loss, please contact David Schwartz, Esq., at 914-206-9742, or by email at [email protected] CONTACT: David J. Schwartz DJS Law Group 274 White Plains Road, Suite 1 Eastchester, NY 10709 Phone: 914-206-9742 Email: [email protected] CLASS PERI ...

Investors can contact the law firm at no cost to learn more about recovering their losses. LOS ANGELES, July 15, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Cambium Networks Corporation ("Cambium" or the "Company") (NASDAQ: CMBM) investors who suffered substantial losses to contact Lesley Portnoy, Esq. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoyla ...

NEW YORK, July 14, 2024 (GLOBE NEWSWIRE) -- SO WHAT: If you purchased Cambium securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate ...