Welcome to our dedicated page for Cambium Networks news (Ticker: CMBM), a resource for investors and traders seeking the latest updates and insights on Cambium Networks stock.
Overview of Cambium Networks
Cambium Networks Corporation (NASDAQ: CMBM) is a global provider of wireless broadband networking infrastructure solutions. Headquartered in Hoffman Estates, Illinois, the company specializes in delivering scalable, reliable, and secure connectivity solutions for diverse industries, including telecommunications, government, education, hospitality, and public safety. Cambium Networks' innovative offerings empower organizations to connect the unconnected, bridging the digital divide in underserved and remote areas while optimizing connectivity in dense urban environments.
Core Business Areas
Cambium Networks operates at the intersection of hardware, software, and cloud-based technologies. Its product portfolio includes:
- Wireless Broadband Solutions: Point-to-Point (PTP) and Point-to-Multipoint (PMP) platforms designed for high-speed data transmission over long distances.
- Wi-Fi Solutions: Enterprise-grade Wi-Fi 6 and emerging Wi-Fi 7 access points catering to high-density environments such as campuses, hotels, and public venues.
- Network Management: The cnMaestro™ cloud-based platform provides end-to-end visibility, analytics, and control, enabling users to manage their networks efficiently.
These solutions are tailored to meet the needs of service providers, enterprises, industrial organizations, and governmental agencies, offering a compelling balance of performance, affordability, and ease of deployment.
Global Market Presence
Cambium Networks operates across multiple geographies, including North America, Europe, the Middle East, Africa, the Caribbean, Latin America, and the Asia-Pacific region. The company generates a significant portion of its revenue from North America, leveraging a robust distribution network and strategic partnerships with integrators and resellers worldwide. Its solutions are particularly well-suited for regions with limited wired infrastructure, where wireless broadband offers a cost-effective alternative.
Industry Context and Differentiation
The wireless networking market is highly competitive, with key players including Cisco, Ubiquiti, and Huawei. Cambium differentiates itself through its focus on:
- Affordability: Delivering high-performance solutions at a lower total cost of ownership.
- Scalability: Supporting networks ranging from small deployments to large-scale, high-density implementations.
- Cloud Integration: Offering centralized management and actionable analytics through its ONE Network platform.
- Technological Innovation: Leveraging advancements like Wi-Fi 7 and 6 GHz spectrum to enhance connectivity and reduce congestion.
These attributes make Cambium Networks a preferred choice for customers seeking reliable and flexible connectivity solutions without overextending their budgets.
Challenges and Opportunities
Cambium Networks faces several challenges, including inventory management, competitive pricing pressures, and the need to adapt to rapid technological changes. However, the company is well-positioned to capitalize on opportunities in emerging markets, rural broadband expansion, and industries requiring robust wireless solutions, such as oil and gas, education, and public safety. Its focus on innovation, as evidenced by recent advancements in Wi-Fi 7 and 6 GHz technologies, underscores its commitment to staying ahead of industry trends.
Conclusion
Cambium Networks is a dynamic player in the wireless broadband industry, offering a comprehensive suite of solutions that address the evolving connectivity needs of businesses and communities worldwide. By combining cutting-edge technology with a customer-centric approach, the company continues to enable seamless digital experiences while driving economic and social progress in underserved regions.
Cambium Networks (NASDAQ: CMBM) has announced a delay in filing its Form 10-K for fiscal year 2024, citing the need for additional time to finalize financial statements and internal control assessments. The company has identified material weaknesses in internal controls related to Allowance for Credit Losses, Customer Incentives, and Information Technology General Controls.
For FY2024, Cambium expects to report:
- Revenue of approximately $166.0 million, down from $220.2 million in 2023
- Net loss of about $92.0 million ($3.29 per diluted share), compared to $77.4 million loss in 2023
- Q4 2024 revenue of approximately $34.0 million, versus $40.2 million in Q4 2023
- Q4 2024 net loss of about $47.0 million ($1.66 per diluted share)
The results include $27.0 million in non-cash impairment charges. The company will disclose substantial doubt regarding its ability to continue as a going concern in the upcoming 10-K filing.
Cambium Networks (NASDAQ: CMBM) has announced that its X7-35X Wi-Fi 7 indoor access point has received OpenRoaming™ certification from the Wireless Broadband Alliance (WBA) at the Wireless Global Conference APAC 2025 in Bangkok.
The certification ensures seamless, secure roaming across OpenRoaming-enabled networks. The X7-35X features tri-band support (2.4 GHz, 5 GHz, and 6 GHz), Multi-Link Operation (MLO) for enhanced throughput, and AI-powered analytics for network optimization.
OpenRoaming enables automatic Wi-Fi authentication through identity providers, eliminating manual network selection and credential entry. This certification allows Cambium to deliver enhanced connectivity solutions across hospitality, education, healthcare, smart city, MDU, venue and enterprise environments.
Cambium Networks (NASDAQ: CMBM) reported Q3 2024 financial results with revenues of $43.7 million, down 5% sequentially. The company posted a GAAP net loss of $9.7 million ($0.34 per share) and a non-GAAP net loss of $3.8 million ($0.14 per share). Gross margin improved to 39.9% GAAP and 42.3% non-GAAP. Operating cash flow was positive at $8.9 million with $46.5 million cash on hand. The company was not in compliance with its quarterly consolidated EBITDA covenant and October 2024 liquidity covenant, working with lenders for forbearance. Q4 2024 outlook projects revenues between $40.0-$45.0 million with continued operating losses.
Cambium Networks (NASDAQ: CMBM) has announced it will report its third quarter 2024 financial results on Thursday, November 7, 2024. The company will host a live webcast and conference call at 4:30 p.m. EDT on the same day, featuring President and CEO Morgan Kurk and CFO Jacob Sayer. Investors can access the webcast through the company's investor page, and a replay will be available for one year. Conference call participants must register in advance to receive dial-in details.
Cambium Networks (NASDAQ: CMBM) has announced a strategic collaboration with QUILT, NODE Networks, TMA Technology Solutions, and ComEd to enhance digital equity in underserved communities across Chicago. The initiative, part of QUILT's Broadband Access for Brighter Futures Program, will deploy a 401-mile fiber network across Cook County and Chicago's South and West Sides, benefiting over 440,000 households.
The project will utilize ComEd's middle-mile infrastructure and Cambium Networks' technology, including cnWave 60 GHz, Enterprise Wi-Fi, cnMatrix Ethernet Switches, and XGS PON, to create a cost-effective hybrid-fiber solution. This approach aims to reduce deployment costs, expedite implementation, and significantly close the digital divide in the area.
Cambium Networks (NASDAQ: CMBM) reported its Q2 2024 financial results, showing signs of improvement despite ongoing challenges. Revenues increased 9% sequentially to $45.9 million, while gross margin improved to 31.4% (33.5% non-GAAP). The company reported a net loss of $9.1 million ($0.33 per diluted share), or $7.1 million ($0.25 per diluted share) on a non-GAAP basis. Notably, Cambium achieved positive cash flow from operations of $2.4 million and ended the quarter with $42.6 million in cash. The company's Enterprise and Point-to-Multi-Point businesses showed strength, and channel inventories declined. Management expects continued financial improvement for the remainder of 2024, focusing on cost control and operational efficiency.
Cambium Networks (NASDAQ: CMBM) and Cal.net have announced the deployment of a 6 GHz fixed wireless access (FWA) network following recent FCC approval for outdoor use of 6 GHz spectrum. This deployment aims to deliver reliable, high-speed internet to underserved communities. The 6 GHz spectrum offers 850 MHz of clean spectrum in the US, addressing congestion in the 5 GHz band.
Cambium's ePMP 4600 platform supports the entire 6 GHz spectrum, providing scalable, high-capacity solutions. It can support up to 120 subscribers per sector with capacities of up to 4 Gbps per sector. Cal.net will use this technology to deliver gigabit speeds over the air at a low cost, making high-speed internet more accessible across their California service territory.
Cambium Networks (NASDAQ: CMBM) has announced plans to report its second quarter 2024 financial results on August 8, 2024. The report will cover the period ending June 30, 2024. A live webcast and conference call, hosted by CEO Morgan Kurk and CFO Jacob Sayer, will be held at 4:30 p.m. ET on the same day. The webcast can be accessed via Cambium Networks' investor page, where additional materials will be posted, and a replay will be available for one year.
To join the live conference call by phone, participants must register in advance to receive the dial-in number and unique passcode. The registration link is provided on Cambium Networks' website.
Cambium Networks (NASDAQ: CMBM) announced significant investments in its ConnectedPartner channel program, enhancing value and tools for Enterprise partners such as Managed Wi-Fi Service Providers, Value Added Resellers, and System Integrators.
The new program introduces an Elite partner level with benefits designed to accelerate growth, reduce risk, and increase sales. The core of this initiative is Cambium's ONE Network platform, simplifying the management of wired and wireless broadband and Wi-Fi network edge technologies.
Key benefits for top-tier partners include higher margins, joint marketing resources, geographic scarcity, exclusive lifecycle support, priority access to leads, and discounted virtual training. This initiative aims to help partners generate new revenue opportunities, combat margin erosion, and enhance network team capacity.
Cambium Networks (NASDAQ: CMBM) announced the full FCC and ISED certification of its PMP 450v Fixed Wireless Access Point and Subscriber Module, enhancing connectivity solutions in the 6 GHz spectrum. This certification allows for increased broadband capacity, addressing the limitations of the crowded 5 GHz spectrum.
The PMP 450v supports both backward and forward compatibility, with ultra-wideband support up to 160 MHz total channel bandwidth and 4x4 MIMO capabilities, offering up to 1.2 Gbps capacity and low latency of 3-5 ms. It integrates seamlessly with Cambium's cnMaestro™ management system and LINKPlanner tool, and features automated frequency coordination at no additional cost.
The certification highlights Cambium's commitment to advancing wireless broadband technology, aiming to equip network operators with the tools for optimal deployment and enhanced service offerings.
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