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Cambium Networks Corporation (NASDAQ: CMBM) is a leading global provider of wireless broadband solutions that connect the unconnected. Headquartered near Chicago, Illinois, the company operates with R&D centers in the U.S., U.K., and India. Cambium Networks specializes in delivering reliable, scalable, and secure Wi-Fi and wireless broadband point-to-point (PTP) and point-to-multipoint (PMP) platforms, managed by advanced cloud-based software.
The company's extensive product portfolio allows service providers, enterprises, governmental and military agencies, oil, gas, and utility companies, internet service providers, and public safety networks to build powerful communications networks. These networks can reach users from 200 kilometers across mountain tops down to the last meter to their devices. Cambium Networks' solutions offer end-to-end network visibility and actionable analytics, helping customers intelligently manage their infrastructure.
Recently, Cambium Networks announced preliminary revenues of approximately $40 million for Q4 2023, noting significant shipments and aggressive enterprise product discounts aimed at clearing excess channel inventories. Despite these challenges, the company reported higher point-of-sale revenues, indicating a decrease in channel inventories. The company also announced a transition in its CFO role, with Andrew Bronstein departing and John Becerril stepping in as interim CFO.
Cambium Networks regularly collaborates with global distributors to ensure the widespread availability of their products. The company has recently expanded its product offerings with new solutions like the ePMP 4600 6 GHz fixed wireless for the Canadian market and the X7-35X Wi-Fi 7 access point, providing high-speed, low-latency connectivity for businesses and residential customers. Cambium Networks continues to innovate and adapt to the ever-evolving technological landscape, ensuring they stay at the forefront of wireless communication advancements.
For more information, investors can access the live webcast and financial results Q&A sessions via the Cambium Networks investor page. The company also engages in strategic partnerships, such as the recent collaboration with Nonius to enhance connectivity solutions for the hospitality industry, exemplified by their successful deployment at Dakota Hotels in the U.K.
Cambium Networks (NASDAQ: CMBM), a global networking solutions provider, announced a partnership with Nonius, a digital technology company for hotels. The collaboration has resulted in an upgrade of the Wi-Fi infrastructure at Dakota Hotels in the UK. The implementation includes Cambium Networks' advanced Wi-Fi access points, switching solutions, and cnMaestro cloud management platform. Dakota Hotels aimed to enhance the guest experience by providing seamless, high-speed internet access, meeting the increasing connectivity demands. Alan Poole, Group IT Manager at Dakota Hotels, reported highly positive guest feedback, underlining the project's success. The deployment covers various hotel areas, including guest rooms, corridors, and common spaces, with centralized cloud management ensuring optimal performance. This partnership sets a new standard in hospitality connectivity.
Cambium Networks (NASDAQ: CMBM) has expanded its cnMatrix switch portfolio by introducing enhanced network automation and a new fiber aggregation switch. This is part of its ONE Network solution aimed at simplifying deployment and operation of wired and wireless technologies through a unified management system.
The ONE Network platform integrates Wi-Fi, switching, security, network services, and SD-WAN, providing centralized management and automation via the cnMaestro™ system. The cnMatrix EX3024F fiber aggregation switch offers 24 SFP+ 10 Gbps fiber ports and advanced L2/L3 capabilities, ensuring scalability for various deployment scenarios and improving network performance, reliability, and security.
The new features include a high-performance architecture and scalable aggregation, alongside powerful out-of-box and policy-based automation, enhancing network operations while reducing costs and complexity.
Cambium Networks announced that its ePMP 4600 has received FCC and ISEDC certification for commercial deployment in the 6 GHz band in the USA, its territories, and Canada. This approval enables service providers to offer over 1 Gbps speeds using the ePMP 4600 technology, which has been rigorously field-tested in over 130 networks. The ePMP 4600 supports up to 120 subscribers per sector with interference tolerance and capacities of up to 4 Gbps per sector. The platform includes features like TDD synchronization, MU-MIMO, and SmartQoS. Cambium's ONE Network offers a comprehensive solution with centralized cloud management, AI-enabled monitoring, and QoE optimization, allowing affordable service delivery in both rural and suburban areas. The 6 GHz Spectrum Availability Tool helps operators pre-check available channels, and the company's equipment leverages Qualcomm’s AFC Suite for simplified frequency coordination.
Cambium Networks (NASDAQ: CMBM) has introduced the ONE Network solution, integrating enterprise Wi-Fi and fixed wireless infrastructure to streamline network deployment across large outdoor areas. The solution enables enterprises, municipalities, and system integrators to efficiently set up private wireless networks in campuses, cities, resorts, and warehouses.
By consolidating all technology stack components into one system, the ONE Network simplifies network management, from provisioning to troubleshooting, through a single interface. This reduces operational complexity and training needs.
Key use cases include municipal Wi-Fi networks, hospitality, education campuses, and warehouse logistics. Examples of successful deployments include citywide Wi-Fi in Huntington Park, CA, public Wi-Fi in Salt Lake City, and property-wide services at Big 4 Howard Springs Holiday Park in Australia.
Cambium Networks (NASDAQ: CMBM), a global provider of broadband networking solutions, announced significant advancements in its fixed wireless infrastructure, supporting national defense, federal and civilian agencies, public safety, and law enforcement. CEO Morgan Kurk emphasized the increasing importance of secure, reliable communications in defense.
In H2 2023, Cambium secured multiple contracts within the defense and security sectors, collaborating with entities like Aikom Technologies, Northrop Grumman, and Wesco Anixter. The company also introduced new products, notably the PTP 700 Beam Steering Outdoor Unit with an integrated smart antenna at the U.S. Army Annual Conference.
Cambium Networks reported its first quarter 2024 financial results, showcasing a sequential revenue increase of 5% but a significant year-over-year decline of 45%. The company experienced a net loss of $26.4 million and an adjusted EBITDA loss of $15.5 million. Despite challenges, Cambium Networks aims for sequential growth throughout 2024.
Cambium Networks and Exertis Enterprise have formed a strategic partnership to offer networking solutions across Europe, focusing on the DACH and Benelux areas. The collaboration aims to provide compelling Wi-Fi experiences for various sectors, including hospitality, education, retail, and more. The partnership offers cost-effective solutions, increased reliability, security, and automation through AI analytics. It also includes a partner program for higher margins and reduced risks for top-tier partners.
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