Cambium Networks (NASDAQ:CMBM) reported Q2 EPS miss of ($0.53) and lowered FY 2024 guidance.
Cambium Networks (NASDAQ:CMBM) reported Q2 earnings of ($0.53) EPS, missing estimates by ($0.21), with a negative ROE of 48.62% and net margin of 50.94%. Revenue was $42.34M, below estimates of $45.57M. The company updated FY 2024 guidance to -0.640–0.410 EPS and Q2 2024 guidance to -0.240–0.190 EPS. Shares opened at $3.58, with a current ratio of 1.69 and debt-to-equity ratio of 0.27.
May 11, 2024
3 Articles