Recap: Cambium Networks Q4 Earnings
Portfolio Pulse from Benzinga Insights
Cambium Networks (NASDAQ:CMBM) reported Q4 earnings with an EPS of $-0.95, missing estimates by 143.59% and a revenue decrease of $44.30 million from the previous year. This follows a pattern of missed EPS estimates in previous quarters, with a notable 6.35% share price drop after last quarter's earnings miss.
February 15, 2024 | 9:05 pm
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Cambium Networks reported a significant miss in Q4 earnings with an EPS of $-0.95 against an estimate of $-0.39, and a substantial revenue decline from the previous year.
The significant miss in both earnings and revenue, especially when compared to estimates, suggests a negative short-term impact on CMBM's stock price. Historical data from the previous quarter shows a 6.35% drop in share price following an earnings miss, indicating a pattern that could repeat.
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