Cambium Networks Q4 2023 Adj EPS $(0.95) Misses $(0.39) Estimate, Sales $40.21M Miss $41.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cambium Networks reported Q4 2023 adjusted EPS of $(0.95), missing the $(0.39) estimate, with sales of $40.21M also missing the $41.16M estimate. This represents a 52.42% decrease in sales compared to the same period last year.
February 15, 2024 | 9:05 pm
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Cambium Networks reported a significant miss in both adjusted EPS and sales for Q4 2023, with a notable year-over-year decrease in sales.
The significant miss in both EPS and sales, coupled with a substantial year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price of Cambium Networks in the short term. The magnitude of the miss and the comparison to last year's performance highlight underlying challenges that could concern investors.
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