Cambium Networks Q2 Adj $(0.25) Misses $(0.21) Estimate, Sales $45.95M Miss $46.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cambium Networks (NASDAQ:CMBM) reported Q2 losses of $(0.25) per share, missing the $(0.21) estimate, and sales of $45.95M, missing the $46.02M estimate. This represents a significant decline from the same period last year.
August 08, 2024 | 8:15 pm
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Cambium Networks reported Q2 losses of $(0.25) per share, missing the $(0.21) estimate, and sales of $45.95M, missing the $46.02M estimate. This represents a significant decline from the same period last year.
The significant miss on both EPS and sales estimates, coupled with a substantial year-over-year decline in both metrics, is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100