Cambium Networks (NASDAQ:CMBM) PT Lowered to $5.00 at Northland Securities

Cambium Networks (NASDAQ:CMBM) had its price objective decreased by Northland Securities from $7.00 to $5.00 in a research note published on Friday morning, Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Separately, Roth Mkm reduced their price objective on Cambium Networks from $8.50 to $8.00 and set a buy rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $6.13.

Cambium Networks Price Performance

CMBM stock opened at $1.59 on Friday. The stock’s 50 day moving average price is $2.42 and its 200 day moving average price is $3.46. The firm has a market cap of $44.35 million, a P/E ratio of -0.47 and a beta of 0.95. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.33 and a current ratio of 1.97. Cambium Networks has a 1 year low of $1.58 and a 1 year high of $9.47.

Institutional Investors Weigh In On Cambium Networks

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Cambium Networks by 0.8% during the first quarter. Vanguard Group Inc. now owns 798,373 shares of the company’s stock worth $3,441,000 after buying an additional 6,125 shares during the period. Connors Investor Services Inc. lifted its holdings in shares of Cambium Networks by 13.5% during the 1st quarter. Connors Investor Services Inc. now owns 338,007 shares of the company’s stock worth $1,457,000 after acquiring an additional 40,179 shares during the period. Federated Hermes Inc. boosted its position in shares of Cambium Networks by 13.5% in the second quarter. Federated Hermes Inc. now owns 305,164 shares of the company’s stock worth $851,000 after acquiring an additional 36,270 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Cambium Networks by 60.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 290,828 shares of the company’s stock valued at $1,253,000 after purchasing an additional 109,837 shares during the period. Finally, Bridge City Capital LLC increased its position in Cambium Networks by 2.9% during the first quarter. Bridge City Capital LLC now owns 268,231 shares of the company’s stock worth $1,156,000 after purchasing an additional 7,605 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Cambium Networks Company Profile

Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.