Cambium Networks Sees FY24 Adj. EPS $(0.64)-$(0.41) Vs $(0.25) Est.; Revenue $205M-$225M Vs $226.300M Est.
Portfolio Pulse from Benzinga Newsdesk
Cambium Networks projects its FY24 adjusted EPS to be between $(0.64) and $(0.41), which is below the estimated $(0.25). The company also forecasts revenue to be in the range of $205M to $225M, falling short of the expected $226.3M.
May 09, 2024 | 9:04 pm
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Cambium Networks' FY24 earnings and revenue forecasts fall below analysts' expectations, indicating potential downward pressure on its stock price in the short term.
The company's projected adjusted EPS and revenue for FY24 are both below the estimates provided by analysts. This discrepancy typically leads to negative investor sentiment and can result in a decrease in stock price as market participants adjust their expectations based on the new guidance.
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RELEVANCE 100