CMBM Q3 Loss Narrower Than Expected on Solid Enterprise Revenue Growth

Cambium Networks Corporation (CMBM) reported mixed third-quarter 2024 results, with the bottom line beating the Zacks Consensus Estimate but the top line missing the same. The leading wireless solutions provider recorded year-over-year marginal revenue growth due to strength in the Enterprise segment.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Lower Point-to-Point revenues due to weakness in defense vertical affected the top line. Healthy growth in free cash flow was a positive. ...