Cambium Networks (NASDAQ:CMBM) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Cambium Networks (NASDAQ:CMBM – Free Report) to a hold rating in a research note released on Saturday morning.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Cambium Networks in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

View Our Latest Stock Report on CMBM

Cambium Networks Trading Down 8.5%

NASDAQ:CMBM opened at $1.83 on Friday. The company’s 50-day moving average is $1.64 and its two-hundred day moving average is $0.98. The firm has a market cap of $51.68 million, a price-to-earnings ratio of -0.60 and a beta of 1.82. Cambium Networks has a 12-month low of $0.23 and a 12-month high of $6.80.

Institutional Trading of Cambium Networks

A hedge fund recently raised its position in Cambium Networks stock. GSA Capital Partners LLP raised its holdings in Cambium Networks Corporation (NASDAQ:CMBM – Free Report) by 11.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 182,737 shares of the company’s stock after buying an additional 18,428 shares during the quarter. GSA Capital Partners LLP owned 0.65% of Cambium Networks worth $163,000 as of its most recent SEC filing. Institutional investors own 87.17% of the company’s stock.

About Cambium Networks

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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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