Cambium Networks Sees FY 2024 Adj. EPS $(0.48)-$0.08 Vs $(0.23) Est. Revenue $215.0M-$245.0M Vs $226.208M Est.
Portfolio Pulse from Benzinga Newsdesk
Cambium Networks projects its FY 2024 adjusted EPS to be in the range of $(0.48) to $0.08, compared to the estimated $(0.23). The company also forecasts revenue to be between $215.0M and $245.0M, versus the estimated $226.208M.
February 15, 2024 | 9:48 pm
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NEGATIVE IMPACT
Cambium Networks projects a wider range for its FY 2024 adjusted EPS and revenue, indicating potential volatility in its financial performance.
The projected range for adjusted EPS indicates a potential downside from the previous estimate, suggesting that the company's financial performance might not meet market expectations. This could lead to negative sentiment among investors and potentially impact the stock price negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100