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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 (CMBM) has partnered with Desert iNET to deliver high-speed tiered broadband services using its 60 GHz cnWave fixed wireless technology. This enables multi-gigabit access for residential subscribers, offering faster service delivery than traditional fiber trenching. The service boasts Gigabit download speeds and low latency, enhancing user experiences for gaming and streaming. Desert iNET is onboarding over 15 new customers weekly, demonstrating strong demand and operational efficiency. The solution leverages advanced technologies, including Terragraph meshing and cloud management, to provide reliable connectivity.
Cambium Networks (NASDAQ: CMBM) has successfully enhanced connectivity at the Villas of Holmdel, a New Jersey assisted living facility. The integration of Wi-Fi 6 access points and cnMatrix switches has resolved staffing challenges and elevated care standards amidst a nursing shortage. Managed via cnMaestro, the system offers cost-effective solutions, reducing installation costs by 33%. Independent assessments confirm Cambium's solutions outperform competitors in both performance and total cost of ownership, setting the stage for future IoT applications.
Cambium Networks (CMBM) launched a new Quality of Experience (QoE) solution aimed at fixed wireless broadband service providers, enhancing customer satisfaction and reducing churn. This solution features TCP Acceleration, granular application shaping, and rate limiting, all designed to optimize network performance. By integrating with Cambium's existing equipment and cnMaestro cloud management, operators can offer tailored service levels while simultaneously lowering costs and improving performance. The solution also aids service providers in mitigating Denial of Service (DoS)
Cambium Networks (CMBM) has launched the cnHeat 2.0 network planning subscription service, enhancing capabilities for wireless network operators. This service utilizes LiDAR data for high-resolution heatmapping, optimizing CAPEX and OPEX. The cnHeat 2.0 allows immediate site adjustments and quick prediction results within minutes for various frequencies, including 60 GHz. Established since 2019, cnHeat has facilitated thousands of models, enabling efficient RF planning and improved customer satisfaction.
Cambium Networks (CMBM) announced its fourth quarter and full year 2021 financial results, highlighting revenues of $78.7 million for Q4, down 5% year-over-year but up 4% sequentially. Full year revenues rose 21% to $335.9 million. GAAP net income for Q4 was $1.4 million or $0.05 per diluted share, compared to $10.5 million or $0.38 per diluted share in Q4 2020. The company forecasts Q1 2022 revenues between $77.5-$81.5 million and full year revenues between $355.0-$365.0 million. Demand for broadband infrastructure is expected to grow, driven by government funding and remote work trends.
Cambium Networks Corporation (CMBM) announced it will report its financial results for the fourth quarter and full year 2021 on February 17, 2022. A live webcast and conference call will follow at 4:30 p.m. ET that same day, hosted by Atul Bhatnagar (President and CEO) and Stephen Cumming (CFO). Investors can access the call via the investor page of their website. The results will provide insights into the company’s performance and strategic direction, crucial for stakeholders and market analysts.
Cambium Networks (CMBM) has launched new Wi-Fi 6E solutions, notably the XE-series software-defined access points, which enhance enterprise wireless networking capabilities. These solutions utilize software-defined radios for seamless migration to the 6 GHz band, significantly increasing network capacity and performance in high-density environments. The XE3-4 and XE5-8 access points are priced at $895 and $2195, respectively, with availability slated for Q1 and Q2 2022. This innovation aims to meet rising demands for better streaming and data experiences across various sectors, including education and healthcare.
Cambium Networks (CMBM) announced a strategic partnership with Buckeye Mountain on December 14, 2021. This collaboration integrates Cambium's fixed wireless and outdoor Wi-Fi technologies into Buckeye's Rapid Deploy solutions aimed at enhancing communication for rail and intermodal industries facing supply chain challenges. The solution ensures reliable connectivity, enabling ports and rail yards to improve operational efficiency by deploying high-speed wireless networks quickly and cost-effectively, eliminating extensive construction needs and expediting service delivery.
On December 7, 2021, Cambium Networks (CMBM) announced its new 28 GHz cnWave 5G NR-based fixed wireless access solution, designed for high-speed, low-latency performance in low to medium-density areas. Operating from 24.25 to 29.50 GHz and utilizing 112 MHz wide channels, the system can deliver over 3 Gbps throughput and support up to 240 subscribers per sector with a range of 7 km. The solution aims to enhance hybrid network capabilities for service providers, reducing deployment times and costs compared to traditional fiber or mobile networks.
Cambium Networks (NASDAQ: CMBM) has reported a significant increase in optimism among wireless broadband service providers, with 81% expressing confidence in the future, up from 71% in 2020. This fifth annual global survey highlighted the adaptability of service providers in meeting the growing demand for connectivity, especially in urban areas. Challenges identified include 31% citing funding issues and 29% facing RF spectrum availability. The planned availability of new 6 GHz spectrum in 2022 presents growth opportunities for the industry.
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