CMBM missed EPS expectations by 15.63%
Aug 08, 2024, 9:36 PM
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What does CMBM do
Cambium Networks Corp., headquartered in Rolling Meadows, Illinois with 650 employees, specializes in wireless broadband and Wi-Fi networking infrastructure solutions for various applications including IIoT and public safety. The company, which went public in 2019, offers products like smart antennas and cloud-managed Wi-Fi solutions used by businesses and governments to enhance broadband networks.
Cambium Networks (CMBM) reported a negative EPS surprise in its most recent quarterly earnings. For the most recent quarter, Cambium Networks's actual EPS was -$0.25, missing the estimate of -$0.22 per share, resulting in a -15.63% surprise.
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