A Peek at Cambium Networks's Future Earnings

Cambium Networks (NASDAQ:CMBM) is gearing up to announce its quarterly earnings on Thursday, 2024-11-07. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Cambium Networks will report an earnings per share (EPS) of $-0.17.

Investors in Cambium Networks are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Historical Earnings Performance

In the previous earnings release, the company missed EPS by $0.04, leading to a 8.6% drop in the share price the following trading session.

Here's a look at Cambium Networks's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.21

-0.23

-0.39

-0.09

EPS Actual

-0.25

-0.46

-0.95

-0.44

Price Change %

-9.0%

-11.0%

1.0%

-6.0%

Market Performance of Cambium Networks's Stock

Shares of Cambium Networks were trading at $1.33 as of November 05. Over the last 52-week period, shares are down 65.43%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Analyst Views on Cambium Networks

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Cambium Networks.

The consensus rating for Cambium Networks is Buy, ...