Swiss Nationwide Financial institution grew its stake in Cambium Networks Co. (NASDAQ:CMBM – Get Ranking) by 28.5% within the 2nd quarter, based on its most up-to-date submitting with the Securities and Change Fee. The institutional investor owned 28,400 shares of the corporate’s inventory after buying an extra 6,300 shares through the quarter. Swiss Nationwide Financial institution’s holdings in Cambium Networks have been price $416,000 on the finish of the newest quarter.
A number of different institutional traders have additionally added to or lowered their stakes in CMBM. Investnet Asset Administration Inc. grew its place in Cambium Networks by 2.5% through the 2nd quarter. Investnet Asset Administration Inc. now owns 58,874 shares of the corporate’s inventory valued at $863,000 after buying an extra 1,431 shares over the past quarter. US Bancorp DE grew its place in Cambium Networks by 30.0% through the 1st quarter. US Bancorp DE now owns 7,068 shares of the corporate’s inventory valued at $167,000 after buying an extra 1,629 shares over the past quarter. Rhumbline Advisers grew its place in Cambium Networks by 31.6% through the 1st quarter. Rhumbline Advisers now owns 10,553 shares of the corporate’s inventory valued at $249,000 after buying an extra 2,532 shares over the past quarter. Campbell Newman Asset Administration Inc. boosted its holdings in shares of Cambium Networks by 4.6% through the 2nd quarter. Campbell Newman Asset Administration Inc. now owns 70,752 shares of the corporate’s inventory valued at $1,037,000 after buying an extra 3,105 shares over the past quarter. Lastly, Sageworth Belief Co bought a brand new stake in shares of Cambium Networks through the 2nd quarter valued at about $57,000. 90.68% of the inventory is presently owned by institutional traders.
Insider Exercise
In different information, VP Ronald G. Ryan offered 9,222 shares of Cambium Networks inventory in a transaction that occurred on Friday, November 18th. The shares have been offered at a median worth of $20.97, for a complete transaction of $193,385.34. Following the sale, the vice chairman now owns 35,315 shares within the firm, valued at $740,555.55. The transaction was disclosed in a doc filed with the SEC, which is out there at this hyperlink. In different information, VP Ronald G. Ryan offered 9,222 shares of Cambium Networks inventory in a transaction that occurred on Friday, November 18th. The shares have been offered at a median worth of $20.97, for a complete transaction of $193,385.34. Following the sale, the vice chairman now owns 35,315 shares within the firm, valued at $740,555.55. The transaction was disclosed in a doc filed with the SEC, which is out there at this hyperlink. Additionally, Common Counsel Sally Rau offered 5,625 shares of Cambium Networks inventory in a transaction that occurred on Friday, September ninth. The shares have been offered at a median worth of $18.27, for a complete transaction of $102,768.75. Following the sale, the final counsel now owns 1,134 shares within the firm, valued at roughly $20,718.18. The disclosure for this sale could be discovered right here. Insiders have offered a complete of 20,468 shares of firm inventory price $410,969 during the last quarter. Insiders personal 58.50% of the corporate’s inventory.
Cambium Networks Worth Efficiency
NASDAQ CMBM opened at $23.06 on Monday. Cambium Networks Co. has a 12 month low of $12.40 and a 12 month excessive of $29.38. The inventory has a market cap of $623.43 million, a price-to-earnings ratio of 56.24, a PEG ratio of two.87 and a beta of 0.88. The corporate’s 50 day shifting common is $19.41 and its two-hundred day shifting common is $17.73. The corporate has a present ratio of two.42, a fast ratio of 1.79 and a debt-to-equity ratio of 0.19.
Cambium Networks (NASDAQ:CMBM – Get Ranking) final launched its earnings outcomes on Thursday, November third. The corporate reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.20. Cambium Networks had a internet margin of three.99% and a return on fairness of 10.73%. The corporate had income of $81.20 million for the quarter, in comparison with analysts’ expectations of $74.17 million. As a bunch, analysis analysts anticipate that Cambium Networks Co. will publish 0.5 earnings per share for the present yr.
Analyst Upgrades and Downgrades
Individually, Raymond James downgraded shares of Cambium Networks from a “strong-buy” score to an “outperform” score and dropped their worth goal for the corporate from $29.00 to $26.00 in a report on Tuesday, November fifteenth. Three analysis analysts have rated the inventory with a maintain score and three have assigned a purchase score to the corporate’s inventory. In line with knowledge from MarketBeat, Cambium Networks presently has a median score of “Average Purchase” and a consensus worth goal of $26.86.
About Cambium Networks
(Get Ranking)
Cambium Networks Company, via its subsidiaries, offers wi-fi broadband networking infrastructure merchandise and options for business and authorities community operators. Its wi-fi material contains clever radios, sensible antennas, radio frequency (RF) algorithms, wireless-aware switches, and cloud-based community administration software program.
See Additionally
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