In the last trading session, 0.14 million shares of the Cambium Networks Corp (NASDAQ:CMBM) were traded, and its beta was 1.04. Most recently the company’s share price was $1.03, and it changed around $0.05 or 5.10% from the last close, which brings the market valuation of the company to $29.09M. CMBM currently trades at a discount to its 52-week high of $4.92, offering almost -377.67% off that amount. The share price’s 52-week low was $0.64, which indicates that the current value has risen by an impressive 37.86% since then. We note from Cambium Networks Corp’s average daily trading volume that its 10-day average is 0.3 million shares, with the 3-month average coming to 232.83K.
Cambium Networks Corp stock received a consensus recommendation rating of Overweight, based on a mean score of 1.75. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended CMBM as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Cambium Networks Corp is expected to report earnings per share of -0.13 for the current quarter.
Cambium Networks Corp (NASDAQ:CMBM) trade information
Instantly CMBM has showed a green trend with a performance of 5.10% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.0600 on recent trading dayincreased the stock’s daily price by 2.83%. The company’s shares are currently up 59.74% year-to-date, but still up 5.60% over the last five days. On the other hand, Cambium Networks Corp (NASDAQ:CMBM) is 32.05% up in the 30-day period. We can see from the shorts that 1.01 million shares have been sold at a short interest cover period of 2.87 day(s).
The consensus price target as assigned by Wall Street analysts is $24, which translates to bulls needing to increase their stock price by 95.71% from its current value. Analyst projections state that CMBM is forecast to be at a low of $4.5 and a high of $74.
Cambium Networks Corp (CMBM) estimates and forecasts
Cambium Networks Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -48.76 percent over the past six months and at a 10.91% annual growth rate that is well above the industry average of -2.20%. The year-over-year growth rate is expected to be -20.54%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 42.98M in revenue for the current quarter. 4 analysts expect Cambium Networks Corp to make 44.45M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 40.21M and 42.34M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 6.91%. Forecasts for the next quarter put sales growth at 4.99%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -117.95%.
CMBM Dividends
Cambium Networks Corp’s next quarterly earnings report is expected to be released in February.
Cambium Networks Corp (NASDAQ:CMBM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.91% of Cambium Networks Corp shares, and 78.32% of them are in the hands of institutional investors. The stock currently has a share float of 81.50%. Cambium Networks Corp stock is held by 71.0 institutions, with VECTOR CAPITAL MANAGEMENT, L.P. being the largest institutional investor. By 2024-06-30, it held 51.4395% of the shares, which is about 14.33 million shares worth $39.97 million.
PARADIGM CAPITAL MANAGEMENT INC/NY, with 9.8974% or 2.76 million shares worth $7.69 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Paradigm Micro Cap Fund and Needham Small Cap Growth Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 500.0 shares worth $0.51 million, making up 1.77% of all outstanding shares. On the other hand, Needham Small Cap Growth Fund held roughly 400.0 shares worth around $0.41 million, which represents about 1.42% of the total shares outstanding.
