Cambium Networks Sees Q2 2024 Adj. EPS $(0.24)-$(0.19) Vs $(0.12) Est.; Revenue $43M-$48M Vs $51.283M Est.
Portfolio Pulse from Benzinga Newsdesk
Cambium Networks projects its Q2 2024 adjusted EPS to be between $(0.24) and $(0.19), missing the $(0.12) estimate. Revenue is expected to be between $43M and $48M, falling short of the $51.283M estimate.
May 09, 2024 | 9:04 pm
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Cambium Networks anticipates lower-than-expected Q2 2024 earnings and revenue, with adjusted EPS and revenue forecasts missing estimates.
The projected shortfall in both adjusted EPS and revenue for Q2 2024 compared to analyst estimates suggests a negative outlook for Cambium Networks' financial performance. This is likely to lead to a negative investor sentiment and could result in a decrease in the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100