Cambium Networks (NASDAQ:CMBM) Upgraded by Wall Street Zen to “Hold” Rating

Cambium Networks (NASDAQ:CMBM) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cambium Networks in a research note on Tuesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Cambium Networks Stock Down 6.9%

Shares of CMBM opened at $1.96 on Friday. The firm has a market cap of $55.21 million, a price-to-earnings ratio of -0.65 and a beta of 1.78. The business’s 50 day moving average is $1.62 and its two-hundred day moving average is $0.96. Cambium Networks has a 52-week low of $0.23 and a 52-week high of $6.80.

Institutional Trading of Cambium Networks

A hedge fund recently bought a new stake in Cambium Networks stock. Jones Financial Companies Lllp bought a new position in shares of Cambium Networks Corporation (NASDAQ:CMBM) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 36,980 shares of the company’s stock, valued at approximately $26,000. Jones Financial Companies Lllp owned 0.13% of Cambium Networks as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 87.17% of the company’s stock.

About Cambium Networks

Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.