Cambium Networks (NASDAQ:CMBM) Trading 8.8% Higher – What’s Next?

Shares of Cambium Networks Corporation (NASDAQ:CMBM) were up 8.8% on Monday . The company traded as high as $1.43 and last traded at $1.36. Approximately 278,475 shares changed hands during mid-day trading, an increase of 105% from the average daily volume of 136,172 shares. The stock had previously closed at $1.25.

Analyst Ratings Changes

A number of brokerages recently commented on CMBM. Wall Street Zen raised Cambium Networks to a “hold” rating in a research note on Saturday, November 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Cambium Networks in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Cambium Networks has a consensus rating of “Sell”.

Cambium Networks Stock Performance

The company’s 50 day moving average is $1.40 and its 200-day moving average is $1.45. The company has a market capitalization of $38.69 million, a P/E ratio of -0.65 and a beta of 1.99.

Hedge Funds Weigh In On Cambium Networks

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new stake in shares of Cambium Networks in the 1st quarter worth approximately $26,000. GSA Capital Partners LLP raised its stake in Cambium Networks by 11.2% during the third quarter. GSA Capital Partners LLP now owns 182,737 shares of the company’s stock valued at $163,000 after buying an additional 18,428 shares during the last quarter. Thompson Davis & CO. Inc. bought a new stake in Cambium Networks in the fourth quarter worth $29,000. State Street Corp increased its holdings in shares of Cambium Networks by 51.8% during the fourth quarter. State Street Corp now owns 60,390 shares of the company’s stock valued at $87,000 after acquiring an additional 20,600 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in shares of Cambium Networks by 38.1% during the fourth quarter. XTX Topco Ltd now owns 32,810 shares of the company’s stock valued at $47,000 after acquiring an additional 9,056 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

About Cambium Networks

Cambium Networks Corporation, founded in 2011 as a spin-out from Motorola Solutions and headquartered in Rolling Meadows, Illinois, is a global provider of wireless broadband infrastructure. The company designs and delivers fixed wireless networking solutions that enable high-capacity connectivity for service providers, enterprises, and government agencies. Cambium’s technology portfolio focuses on reliable, scalable links in challenging environments, offering alternatives to fiber and traditional wired networks.

The company’s core offerings include point-to-point (PTP) and point-to-multipoint (PTMP) wireless backhaul products that deliver gigabit-class throughput over distances up to tens of kilometers.