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The Law Offices of Frank R. Cruz Continues Investigation of Cambium Networks Corporation (CMBM) on Behalf of Investors

Cambium Networks Corporation - Ordinary Shares (CMBM) 
Last cambium networks corporation - ordinary shares earnings: 2/10 04:01 pm Check Earnings Report
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of Cambium Networks Corporation (“Cambium Networks” or the “Company”) (NASDAQ: CMBM) on behalf of investors concerning the Company’s possible violations of federal securities laws.If you are a shareholder who suffered a loss, click here to participate.On October 4, 2023, Cambium Networks issued a press release announcing its preliminary results for the third quarter of 2023. Therein, the Company disclosed that it now “expects revenues of between $40.0-$45.0 million compared to the previous outlook of $62.0-$70.0 million provided on Aug. 1, 2023.” The Company attributed the downward revision to a delay in government defense orders, sluggish revenues in the Point-to-Multi-Point business, a decrease in orders and an increase in stock rotations from distributors in the Enterprise business, and “continued economic headwinds.”On this news, Cambium Networks’ stock price fell $2.87, or 36.2%, to clo Show less Read more
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