Cambium Networks

Cambium Networks 6 GHz Fixed Wireless and Enterprise Wi-Fi Enable Service Providers in Canada to Expand Outdoor Gigabit Service

Retrieved on: 
Wednesday, February 21, 2024

ROLLING MEADOWS, Ill., Feb. 21, 2024 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provider of networking solutions, today announced that service providers, enterprise, and industrial network operators in Canada will soon be able to deploy greater than 1 Gbps speeds with ePMP 4600 6 GHz outdoor fixed wireless and 6 GHz-ready Wi-Fi solutions. Innovation, Science and Economic Development Canada (ISEDC) has issued approvals for both the AFC and for ePMP 4600 radios. Cambium Networks has also completed integration verification between the final approved AFC software and the final approved ePMP software.

Key Points: 
  • The ePMP 4600 is the first outdoor fixed wireless solution to achieve ISEDC certification.
  • Broadband service providers planning to expand their networks can place orders with Cambium Networks resellers now.
  • In November, Nextlink Internet announced that they will expand service with Cambium Networks' ePMP 6 GHz fixed wireless broadband to reach locations in low-density rural areas.
  • Cambium Networks' ePMP 4600 and PMP 450v solutions are compliant with frequency coordination processes with the XE3-4TN undergoing compliance certification.

Cambium Networks Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 15, 2024

GAAP gross margin for the fourth quarter 2023 was (21.7)%, compared to 49.0% for the fourth quarter 2022, and 25.5% for the third quarter 2023.

Key Points: 
  • GAAP gross margin for the fourth quarter 2023 was (21.7)%, compared to 49.0% for the fourth quarter 2022, and 25.5% for the third quarter 2023.
  • GAAP operating loss for the fourth quarter 2023 was $39.3 million, compared to operating income of $9.5 million for the fourth quarter 2022, and operating loss of $22.1 million for the third quarter 2023.
  • GAAP net loss for the fourth quarter 2023 was $39.0 million, or net loss of $1.41 per diluted share, compared to net income of $10.0 million, or net earnings of $0.35 per diluted share for the fourth quarter 2022, and net loss of $26.2 million, or net loss of $0.95 per diluted share for the third quarter 2023.
  • Non-GAAP operating loss for the fourth quarter 2023 was $34.1 million, compared to non-GAAP operating income of $13.2 million for the fourth quarter 2022, and a non-GAAP operating loss of $15.5 million for the third quarter 2023.

Cambium Networks Corporation Announces Preliminary Fourth Quarter 2023 Revenues, Reporting Date and CFO Transition

Retrieved on: 
Thursday, January 18, 2024

ROLLING MEADOWS, Ill., Jan. 18, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ: CMBM), a leading provider of wireless networking infrastructure solutions, today announced preliminary revenues for the fourth quarter 2023 ended December 31, 2023.

Key Points: 
  • ROLLING MEADOWS, Ill., Jan. 18, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ: CMBM), a leading provider of wireless networking infrastructure solutions, today announced preliminary revenues for the fourth quarter 2023 ended December 31, 2023.
  • Cambium Networks expects revenues of approximately $40.0 million compared to the previous outlook of $45.0-$50.0 million provided on Nov. 2, 2023.
  • The outlook for Cambium Networks' fourth quarter 2023 net loss and loss per share are expected to be below the low end of the previous GAAP and non-GAAP ranges.
  • Cambium Networks will host a live webcast and conference call to discuss its financial results and Q&A at 4:30 p.m.

New Opportunity for Residential Broadband Service Providers: High Throughput, Managed Wi-Fi Mesh with Value Added Services

Retrieved on: 
Tuesday, January 9, 2024

ROLLING MEADOWS, Ill., Jan. 9, 2024 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provider of networking solutions, announced it is now shipping the RV22 Wi-Fi 6 Home Mesh Router Solution comprised of a new Wi-Fi 6 router, cloud workflows designed to reduce complexity, brandable Customer Premise Equipment (CPE) and subscriber application. The subscriber app provides the user-curated performance data and self-help tools. The RV22 router works as part of Cambium's ONE Network enabling exceptional subscriber Wi-Fi experiences while requiring fewer resources and IT personnel on the part of the service provider. Complete end-to-end connectivity, from the broadband infrastructure to Wi-Fi access, are easily managed from a central location using cnMaestro™ cloud management.

Key Points: 
  • Complete end-to-end connectivity, from the broadband infrastructure to Wi-Fi access, are easily managed from a central location using cnMaestro™ cloud management .
  • This provides us a new opportunity to truly represent ourselves on a CPE that delivers the hassle-free experience our customers look for."
  • The cnMaestro subscriber workflow streamlines setup and provisioning and allows the service provider to craft a personalized service.
  • This easy-to-use app enables the subscriber to tailor their experience by having the most used Wi-Fi tools at their fingertips:

Nextlink Drives Gigabit Service Expansion with 6 GHz Fixed Wireless Technology from Cambium Networks

Retrieved on: 
Tuesday, November 14, 2023

ROLLING MEADOWS, Ill., Nov. 14, 2023 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provider of networking solutions, today announced that Nextlink Internet has placed a significant order to expand its coverage area with its ePMP 6 GHz fixed wireless broadband solution. Nextlink will use ePMP primarily to reach locations in low-density rural areas. In earlier field tests, Nextlink achieved actual throughput of over 1 Gbps download and 500 Mbps upload to subscribers' premises. 

Key Points: 
  • In earlier field tests, Nextlink achieved actual throughput of over 1 Gbps download and 500 Mbps upload to subscribers' premises.
  • "Nextlink is staying ahead of the competition in rural fixed wireless," added Claude Aiken, Chief Strategy Officer, Nextlink.
  • "This investment in Cambium Networks solutions will significantly expand gigabit fixed wireless availability for hundreds of thousands of rural and suburban residents across the American heartland."
  • "The industry is anxiously awaiting the availability of the 6 GHz spectrum," said Morgan Kurk, president and CEO of Cambium Networks.

Cambium Networks Expands AI-powered Troubleshooting and Security

Retrieved on: 
Tuesday, November 7, 2023

ROLLING MEADOWS, Ill., Nov. 7, 2023 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provider of networking solutions, today announced the latest release of its network management system, cnMaestro 4.1, that enables enterprises and service providers to incorporate deeper automation and analytics capabilities into their day-to-day network operations to increase efficiency and reduce costs. cnMaestro X Assurance feature leverages powerful operational and performance-based analytics across Wi-Fi, wired, and fixed wireless systems as part of the Cambium ONE Network to quickly identify the root cause of network issues and optimize system operation.

Key Points: 
  • cnMaestro provides a single source of truth system for enterprises and service providers managing technically diverse networks, simplifying provisioning and operations of Cambium-based deployments across Wi-Fi , switching , security & SD-WAN , fixed wireless , and fiber solutions.
  • Content signatures are refreshed twice daily to ensure up to date security posture for customer networks.
  • "This latest release of our cnMaestro system includes game-changing features for our customers and service provider partners," says Bruce Miller, Vice President Enterprise Marketing, Cambium Networks.
  • Attend the webinar "Accelerate Troubleshooting and Streamline Your Security: Exploring cnMaestro 4.1" on Tuesday November 14, 2023 at 10 AM US Central time.

Cambium Networks Reports Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 2, 2023

GAAP gross margin for the third quarter 2023 was 25.5%, compared to 50.7% for the third quarter 2022, and 49.1% for the second quarter 2023.

Key Points: 
  • GAAP gross margin for the third quarter 2023 was 25.5%, compared to 50.7% for the third quarter 2022, and 49.1% for the second quarter 2023.
  • GAAP operating loss for the third quarter 2023 was $22.1 million, compared to operating income of $10.0 million for the third quarter 2022, and operating loss of $2.7 million for the second quarter 2023.
  • Non-GAAP operating loss for the third quarter 2023 was $15.5 million, compared to non-GAAP operating income of $13.8 million for the third quarter 2022, and non-GAAP operating income of $1.6 million for the second quarter 2023.
  • Cambium Networks will host a live webcast and conference call to discuss its financial results at 4:30 p.m.

The Law Offices of Frank R. Cruz Continues Investigation of Cambium Networks Corporation (CMBM) on Behalf of Investors

Retrieved on: 
Thursday, October 12, 2023

The Law Offices of Frank R. Cruz continues its investigation of Cambium Networks Corporation (“Cambium Networks” or the “Company”) (NASDAQ: CMBM ) on behalf of investors concerning the Company’s possible violations of federal securities laws.

Key Points: 
  • The Law Offices of Frank R. Cruz continues its investigation of Cambium Networks Corporation (“Cambium Networks” or the “Company”) (NASDAQ: CMBM ) on behalf of investors concerning the Company’s possible violations of federal securities laws.
  • If you are a shareholder who suffered a loss, click here to participate.
  • On October 4, 2023, Cambium Networks issued a press release announcing its preliminary results for the third quarter of 2023.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Cambium Networks Corporation (CMBM) on Behalf of Investors

Retrieved on: 
Friday, October 6, 2023

Law Offices of Howard G. Smith announces an investigation on behalf of Cambium Networks Corporation (“Cambium Networks” or the “Company”) (NASDAQ: CMBM ) investors concerning the Company’s possible violations of federal securities laws.

Key Points: 
  • Law Offices of Howard G. Smith announces an investigation on behalf of Cambium Networks Corporation (“Cambium Networks” or the “Company”) (NASDAQ: CMBM ) investors concerning the Company’s possible violations of federal securities laws.
  • On October 4, 2023, Cambium Networks issued a press release announcing its preliminary results for the third quarter of 2023.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20231006941532/en/

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Cambium Networks Corporation (CMBM) on Behalf of Investors

Retrieved on: 
Friday, October 6, 2023

Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Cambium Networks Corporation (“Cambium Networks” or the “Company”) (NASDAQ: CMBM ) investors concerning the Company’s possible violations of the federal securities laws.

Key Points: 
  • Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Cambium Networks Corporation (“Cambium Networks” or the “Company”) (NASDAQ: CMBM ) investors concerning the Company’s possible violations of the federal securities laws.
  • If you suffered a loss on your Cambium Networks investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Cambium-Networks-Corporation/ .
  • On October 4, 2023, Cambium Networks issued a press release announcing its preliminary results for the third quarter of 2023.
  • Whistleblower Notice: Persons with non-public information regarding Cambium Networks should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program.