Cambium Networks (NASDAQ:CMBM) Stock Price Up 1.2% – Still a Buy?

Cambium Networks Corporation (NASDAQ:CMBM)’s stock price traded up 1.2% during mid-day trading on Tuesday . The company traded as high as $1.80 and last traded at $1.75. 660,731 shares traded hands during trading, an increase of 77% from the average session volume of 373,026 shares. The stock had previously closed at $1.73.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CMBM shares. Wall Street Zen raised Cambium Networks to a “hold” rating in a research report on Saturday, November 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cambium Networks in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Cambium Networks Price Performance

The firm has a market capitalization of $49.42 million, a PE ratio of -0.83 and a beta of 1.87. The firm has a 50-day simple moving average of $1.83 and a 200-day simple moving average of $1.29.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp purchased a new position in shares of Cambium Networks during the 1st quarter worth $26,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Cambium Networks in the fourth quarter worth $29,000. Finally, GSA Capital Partners LLP raised its position in shares of Cambium Networks by 11.2% during the 3rd quarter. GSA Capital Partners LLP now owns 182,737 shares of the company’s stock valued at $163,000 after purchasing an additional 18,428 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Cambium Networks Company Profile

Cambium Networks Corporation, founded in 2011 as a spin-out from Motorola Solutions and headquartered in Rolling Meadows, Illinois, is a global provider of wireless broadband infrastructure. The company designs and delivers fixed wireless networking solutions that enable high-capacity connectivity for service providers, enterprises, and government agencies. Cambium’s technology portfolio focuses on reliable, scalable links in challenging environments, offering alternatives to fiber and traditional wired networks.

The company’s core offerings include point-to-point (PTP) and point-to-multipoint (PTMP) wireless backhaul products that deliver gigabit-class throughput over distances up to tens of kilometers.