Cambium Networks shares are trading lower after the company announced it expects preliminary Q3 revenues of between $40-$45 million compared to the previous outlook of $62-$70 million.
Portfolio Pulse from Benzinga Newsdesk
Cambium Networks has revised its Q3 revenue outlook downwards to $40-$45 million from the previous estimate of $62-$70 million. This has led to a decrease in the company's share price.
October 05, 2023 | 12:58 pm
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NEGATIVE IMPACT
Cambium Networks' lower Q3 revenue outlook has negatively impacted its share price.
Cambium Networks' revised Q3 revenue outlook is significantly lower than the previous estimate. This negative financial news has led to a decrease in investor confidence, resulting in a drop in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100