HOFFMAN ESTATES, Ill., April 2, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ: CMBM), a leading provider of wireless networking infrastructure solutions, today announced the appointment of Jacob Sayer as Chief Financial Officer, effective April 8, 2024.  He will be responsible for Cambium's financial strategies and will lead the global finance organization, including planning, treasury, tax, reporting, and investor relations. Jacob will succeed John Becerril, who is currentl ...

Cambium Networks (CMBM) recently introduced an advance Wi-Fi 7 access point called the X7-35X. The solution, powered by Qualcomm Technologies’ leading Wi-Fi 7 networking platform, boasts a range of innovative features.The X7-35X leverages Cambium’s cnMaestro Network Management, which is accessible on both cloud and on-premise environments. The cnMaestro provides a user-friendly interface that simplifies controls from core to edge devices. This reduces training and troubleshooting time by streamlining networ ...

The X7-35X access point delivers industry-leading price-performance, empowering customers of all types to benefit from Wi-Fi 7's superior speed, latency, and connection reliability ROLLING MEADOWS, Ill., March 21, 2024 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provider of networking solutions, today announced the next evolution in Wi-Fi with the launch of its new mass market Wi-Fi 7 access point. The X7-35X is a tri-radio, tri-band 2+2+2 solution, powered by Qualcomm Technologies' le ...

Remaining performance obligations In applying the statutory tax rate in the effective income tax rate reconciliation, the Company used the statutory U.S. federal income tax rate of 21% rather than the Cayman Islands zero percent rate. The table below reconciles the Company's tax (benefit) provision for income taxes based on the statutory U.S. federal income tax rate to its effective tax rate for the years ended December 31, 2021, 2022 and 2023 (in thousands): | --- | --- | --- | --- | --- | --- | --- | |--- ...

Cambium Networks Corporation (CMBM) reported soft fourth-quarter 2023 results, with the top and bottom lines missing the Zacks Consensus Estimate. The leading wireless solutions provider recorded a year-over-year revenue contraction due to a decline in net sales in the Enterprise business, high inventory levels and macroeconomic headwinds. High incentives and discounts to distributors also contributed to lower revenues year over year.Net IncomeOn a GAAP basis, the company reported a net loss of $39.1 millio ...

Cambium (CMBM) reported $40.21 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 52.4%. EPS of -$0.95 for the same period compares to $0.36 a year ago.The reported revenue represents a surprise of -3.86% over the Zacks Consensus Estimate of $41.82 million. With the consensus EPS estimate being -$0.34, the EPS surprise was -179.41%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

Cambium Networks Corporation (NASDAQ:CMBM) Q4 2023 Earnings Conference Call February 15, 2024 4:30 PM ET Peter Schuman Morgan Kurk We continue to expect Enterprise channel inventory to decrease in the first half of CY '24 as supply remains abundant and lead-times short, but also expect incremental improvement of sales into the channel throughout the year. We foresee modest growth for the PMP business, driven by new product momentum in our 6 GHz products, continued adoption with our 60 GHz solutions and lump ...

Cambium (CMBM) came out with a quarterly loss of $0.95 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -179.41%. A quarter ago, it was expected that this company would post a loss of $0.13 per share when it actually produced a loss of $0.44, delivering a surprise of -238.46%.Over the last four quarters, the company has surpasse ...

Cambium (CMBM) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock ma ...

Peter Schuman - Vice President-Investor & Industry Analyst Relations Scott Searle - ROTH Capital Partners LLC John Roy - Water Tower Research And now, Mr. Peter Schuman, Vice President of Investor and Industry Analyst Relations. You may begin your conference. As a reminder, todayÂ's remarks, including those made during Q&A, will contain forward looking statements about the companyÂ's outlook and forecasted performance. These statements are based on current conditions, forecasts, and assumptions. Risks and u ...