Property Owners and Managed Service Providers Improve Resident Online Experiences, Occupancy Rate and Revenue with Cambium Networks

Rhea-AI Summary

Cambium Networks (NASDAQ: CMBM) has reported a growing trend among Multi Dwelling Unit (MDU) property owners and Managed Service Providers (MSP) deploying its ONE Network solutions to enhance Wi-Fi coverage and overall online experiences for residents. Improved connectivity leads to higher occupancy rates and tenant satisfaction, ultimately boosting net operating income (NOI). The company emphasizes the importance of robust Wi-Fi infrastructure in supporting digital transformation, resulting in safer and more efficient living environments. MSPs appreciate Cambium's intuitive interface for streamlined operations, offering potential cost savings and optimizing return on capital. These advancements are essential for property managers aiming to meet increased demands for secure and reliable internet services.

Positive

• Increasing deployment of ONE Network solutions among MDU property owners and MSPs enhances Wi-Fi coverage.
• Higher tenant satisfaction correlating with improved online experiences leads to increased occupancy rates.
• Cambium's solutions are recognized for optimizing operational efficiency and security within MDU environments.
• Intuitive user interface for MSPs simplifies deployment and management, potentially reducing total cost of ownership.

Negative

• None.

Multi-dwelling unit (MDU) property owners can realize increased net operating income (NOI) while
improving Wi-Fi coverage with Cambium's ONE Network solutions

ROLLING MEADOWS, Ill., April 27, 2023 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provider of networking solutions, today announced that an increasing number of Multi Dwelling Unit (MDU) property owners and Managed Service Providers (MSP) have deployed Cambium's ONE Network solutions, including Wi-Fi, fixed wireless, switching, security and converged management to deliver exceptional end user experiences and improve resident satisfaction. Properties that deliver exceptional online experiences for their tenants have higher occupancy, lower churn and higher tenant satisfaction.

MDU residents want to live in safe and secure environments. Property owners, working together with MSPs, aim to accelerate improvements for security and efficiency with digital transformation initiatives. Property owners who have taken control of the Wi-Fi are able to deliver secure and consistently reliable online experiences. The same Wi-Fi infrastructure is leveraged for smart-building technologies to optimize operations and manage controllable sprinkler systems, security surveillance, access systems, door locks, climate controls and others. Property managers and maintenance personnel utilize the same network for their devices used every day to manage the property and keep tenants satisfied.

Property Owner Perspectives

• "When the pandemic set in, thankfully we had Wi-Fi everywhere because telehealth became very important at that time, and we would not have been able to meet that need if we hadn't had the Wi-Fi." - Jerry Lile, CEO, Fairmount Homes. Read the case study.

MSP Perspectives

• "While many platforms say they cater to MSPs, Cambium Networks listened and acted. They have built an intuitive user interface that takes an enterprise product and puts an 'easy button' over it. This simplified interface covers the most common wireless setups that MSPs use. Streamlining process translates into real money savings on the new hardware as well as reducing total cost of ownership (TCO)." - Brian Brammeier, Chief Strategy & Chief Information Security Officer, Ntiva"
• We strive to enable our property owner and operator customers to achieve above average return on capital through differentiated digital experiences for their tenants and staff. Cambium Networks' Wi-Fi 6 access points and cnMaestro X software deliver the performance, intelligent automation and application optimization that meaningfully contribute to that end." – Dave Elder, Safety NetAccess
• MSP HealthSignals enables Fairmount Homes continuing care retirement community to deliver exceptional broadband connectivity to residents and staff with a one-person IT team. "Cambium Networks equipment is enterprise-grade quality, and the engineering and support provided has been exemplary. Fairmount's IT person can focus on maintaining the applications, while Wi-Fi and internet issues are directed to us and resolved appropriately." - Bruce Weintraub, CEO and founder HealthSignals. Read the press release.

For more information, download the Take Control of Your MDU Network: Improve Profitability and Resident Satisfaction solution paper.

About Cambium Networks
Cambium Networks enables service providers, enterprises, industrial organizations, and governments to deliver exceptional digital experiences and device connectivity with compelling economics. Our ONE Network platform simplifies management of Cambium Networks' wired and wireless broadband and network edge technologies. Our customers can focus more resources on managing their business rather than the network. We deliver connectivity that just works.

Media Contact:
Dave Reddy 
Big Valley Marketing for Cambium 
+1 (650) 868-4659 
dreddy@bigvalley.co

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SOURCE Cambium Networks

FAQ

How is Cambium Networks improving online experiences for MDU residents?

Cambium Networks is enhancing online experiences for MDU residents by deploying its ONE Network solutions, which improve Wi-Fi coverage and overall connectivity.

What impact does Cambium's solutions have on tenant satisfaction?

Cambium's solutions lead to higher tenant satisfaction by providing secure and reliable online experiences, which in turn enhances occupancy rates.

What are the benefits of Cambium's ONE Network for property owners?

The benefits include increased net operating income (NOI), improved resident satisfaction, and better management of digital transformation initiatives.

What do Managed Service Providers (MSP) think about Cambium Networks' solutions?

MSPs appreciate Cambium's intuitive user interface, which streamlines operations and translates into significant cost savings.

What is the ticker symbol for Cambium Networks?

The ticker symbol for Cambium Networks is CMBM, and it is traded on NASDAQ.