Cambium Networks Q1 2024 Adj EPS $(0.46) Misses $(0.23) Estimate, Sales $42.337M Miss $45.383M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cambium Networks (NASDAQ:CMBM) reported Q1 2024 adjusted EPS of $(0.46), missing the $(0.23) estimate, and sales of $42.337M, missing the $45.383M estimate. This represents a 291.67% decrease in earnings and a 45.30% decrease in sales from the same period last year.
May 09, 2024 | 8:21 pm
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NEGATIVE IMPACT
Cambium Networks reported significant misses in both earnings and sales for Q1 2024, with a 291.67% decrease in earnings and a 45.30% decrease in sales year-over-year.
The substantial miss in both earnings per share and sales compared to analyst estimates, coupled with the significant year-over-year declines, is likely to negatively impact investor sentiment and the stock price of Cambium Networks in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100