Cambium Networks (NASDAQ:CMBM) Trading Up 8.8% – Should You Buy?

Cambium Networks Corporation (NASDAQ:CMBM) shares were up 8.8% on Monday . The company traded as high as $1.43 and last traded at $1.36. Approximately 278,475 shares traded hands during mid-day trading, an increase of 105% from the average daily volume of 136,172 shares. The stock had previously closed at $1.25.

Analyst Ratings Changes

A number of analysts have recently issued reports on CMBM shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Cambium Networks in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Cambium Networks to a “hold” rating in a research note on Saturday, November 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Cambium Networks has an average rating of “Sell”.

Cambium Networks Trading Up 8.8%

The firm has a 50 day moving average of $1.40 and a 200-day moving average of $1.44. The company has a market cap of $38.41 million, a P/E ratio of -0.65 and a beta of 1.99.

Institutional Investors Weigh In On Cambium Networks

Several institutional investors and hedge funds have recently modified their holdings of CMBM. XTX Topco Ltd lifted its holdings in shares of Cambium Networks by 38.1% in the fourth quarter. XTX Topco Ltd now owns 32,810 shares of the company’s stock worth $47,000 after buying an additional 9,056 shares in the last quarter. GSA Capital Partners LLP grew its stake in Cambium Networks by 11.2% during the third quarter. GSA Capital Partners LLP now owns 182,737 shares of the company’s stock valued at $163,000 after acquiring an additional 18,428 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new position in Cambium Networks during the fourth quarter valued at $29,000. State Street Corp increased its holdings in Cambium Networks by 51.8% in the 4th quarter. State Street Corp now owns 60,390 shares of the company’s stock valued at $87,000 after acquiring an additional 20,600 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in Cambium Networks in the 1st quarter valued at $26,000. Institutional investors own 87.17% of the company’s stock.

About Cambium Networks

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.