Cambium Networks (NASDAQ:CMBM) Given New $3.00 Price Target at Northland Securities

by · The Cerbat Gem

Cambium Networks (NASDAQ:CMBM – Free Report) had its price objective lowered by Northland Securities from $5.00 to $3.00 in a research report released on Tuesday,Benzinga reports. The firm 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 for the company in a research report on Friday, August 9th.

Get Our Latest Stock Report on CMBM

Cambium Networks Price Performance

Cambium Networks stock opened at $1.16 on Tuesday. Cambium Networks has a fifty-two week low of $1.08 and a fifty-two week high of $6.50. The firm has a market capitalization of $32.76 million, a price-to-earnings ratio of -0.38 and a beta of 0.97. The company’s 50 day simple moving average is $1.49 and its 200 day simple moving average is $2.20.

Institutional Investors Weigh In On Cambium Networks

Institutional investors and hedge funds have recently made changes to their positions in the stock. RBF Capital LLC grew its stake in shares of Cambium Networks by 28.5% in the third quarter. RBF Capital LLC now owns 217,006 shares of the company’s stock valued at $397,000 after buying an additional 48,077 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of Cambium Networks by 266.4% in the 3rd quarter. GSA Capital Partners LLP now owns 205,369 shares of the company’s stock valued at $376,000 after acquiring an additional 149,326 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Cambium Networks during the 2nd quarter worth about $187,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Cambium Networks in the 2nd quarter valued at about $52,000. Finally, Paradigm Capital Management Inc. NY lifted its stake in Cambium Networks by 29.5% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,756,400 shares of the company’s stock valued at $7,690,000 after purchasing an additional 627,453 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Cambium Networks Company Profile

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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.

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