Cambium Networks: FY2024 Could Be Another Year Of Pain [Seeking Alpha]
Cambium Networks Corporation - Ordinary Shares (CMBM)
Last cambium networks corporation - ordinary shares earnings: 2/10 04:01 pm
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Source: Seeking Alpha
CMBM has reported disappointing revenue growth and negative earnings. The inventory situation is still far from resolved, and the company has provided rebates that will negatively impact the P&L. Overview My recommendation for Cambium Networks ( NASDAQ: CMBM ) remains a sell rating, as I expect CMBM to go through another year of pain in FY24. The underlying organic demand environment continues to see challenges, and inventory is still at elevated levels. Note that I previously rated a sell rating for CMBM, as I did not see any catalyst that could drive the stock upwards. I believe the company would need to show great progress in turning around the business before the market would give any credit to guidance. Recent results & updates CMBM results continue to perform badly. Since my last update in 2Q23, the business has reported two more quarters of disappointing revenue growth: -47% in 3Q23 and -52.4% in 4Q23. Earnings got decimated as well, where net income turned negative
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CMBM
News
- Cambium Networks Corporation Announces First Quarter 2024 Reporting Date [Yahoo! Finance]Yahoo! Finance
- Cambium Networks Corporation Announces First Quarter 2024 Reporting DatePR Newswire
- Cambium Networks Corporation Names Jacob Sayer CFO [Yahoo! Finance]Yahoo! Finance
- Cambium Networks Corporation Names Jacob Sayer CFOPR Newswire
- Cambium (CMBM) Introduces Cutting Edge Wi-Fi 7 Solution [Yahoo! Finance]Yahoo! Finance
CMBM
Earnings
- 2/15/24 - Miss
CMBM
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- CMBM's page on the SEC website