Cambium Networks Sees Q3 EPS $(0.14)-$(0.19) Vs $(0.03) Est.; Revenue $43M-$48M Vs $58.7M Est.; Sees FY24 EPS $(0.87)-$(1.04) Vs $(0.60) Est.; Revenue $180M-$190M Vs $213.7M Est.
Portfolio Pulse from Benzinga Newsdesk
Cambium Networks has revised its financial outlook for Q3 and FY24, projecting lower-than-expected revenues and higher losses. For Q3, the company expects EPS between $(0.14)-$(0.19) versus $(0.03) estimated, and revenues between $43M-$48M versus $58.7M estimated. For FY24, EPS is expected between $(0.87)-$(1.04) versus $(0.60) estimated, and revenues between $180M-$190M versus $213.7M estimated.
August 08, 2024 | 8:32 pm
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Cambium Networks has significantly lowered its financial outlook for Q3 and FY24, projecting higher losses and lower revenues than previously estimated. This negative revision is likely to impact investor sentiment and the stock price negatively in the short term.
The significant downward revision in both quarterly and full-year financial outlooks, including lower-than-expected revenues and higher losses, is likely to negatively impact investor sentiment. This could lead to a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100