Cambium Networks Lowers Q3 Guidance; Shares Plunge 16.1%_老虎社区_美港股上老虎

Cambium Networks Lowers Q3 Guidance; Shares Plunge 16.1%

SmarterAnalyst2021-10-22

Shares of Illinois-based Cambium Networks Corp. (CMBM) plunged 16.1% in the extended trading session on Thursday after the company lowered its guidance for the third quarter of 2021. Cambium Networks ...

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Lavender00
·2021-10-22
If it's due to supply constraints, then we can expect it to bounce higher when supply issue is solved. What a golden opportunity.
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(CMBM) plunged 16.1% in the extended trading session on Thursday after the company lowered its guidance for the third quarter of 2021.\nCambium Networks ...</p>\n\n<a href=\"https://finance.yahoo.com/news/cambium-networks-lowers-q3-guidance-112659442.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CMBM","symbol_name":"Cambium Networks","start_time":0,"source_url":"https://finance.yahoo.com/news/cambium-networks-lowers-q3-guidance-112659442.html","article_id":"2177490247","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/wQZXNtG5EJZMBLEW_HmUsA--~B/aD00MDU7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://s.yimg.com/uu/api/res/1.2/i2u.CSD7u.Frhj3jj1FuMw--~B/aD00MDU7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/smarteranalyst_347/b47e7222f46b0c3db6c8bec99efe0c7f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2177490247","pubTimestamp":1634902019,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Shares of Illinois-based Cambium Networks Corp. (CMBM) plunged 16.1% in the extended trading session","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CMBM":"Cambium Networks"},"translate_title":"形成层网络降低Q3指导；股价暴跌16.1%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CMBM":1},"content_text":"Shares of Illinois-based Cambium Networks Corp. (CMBM) plunged 16.1% in the extended trading session on Thursday after the company lowered its guidance for the third quarter of 2021.\nCambium Networks offers wireless broadband networking infrastructure services to government agencies, enterprises and medium-sized wireless Internet service providers.\nThe company expects to report GAAP revenues of around $75 million in the third quarter, lower than the previous guidance range of $88 million to $92 million announced in August and the Street’s estimate of $90.43 million.\nCambium Networks said, “The change in outlook primarily reflects greater than anticipated global supply constraints impacting shipments of products which we expect to continue into the first half of calendar 2022.”\nMoreover, it expects GAAP and adjusted net income to come below the lower end of the earlier announced guidance range. Cash is expected to total nearly $58 million. (See Insiders’ Hot Stocks on TipRanks)\nMeanwhile, the company is scheduled to release its third-quarter results on November 4.\nTwo months ago, Roth Capital analyst Scott Searle maintained a Buy rating on the stock and raised the price target to $69 from $64 (93% upside potential).\nFollowing the release of the second-quarter financial results, the analyst said, “Cambium Networks reported record Q2 sales and EPS driven by continued strength in WiFi and PTM solutions. Overall, the company continues to see record demand and produces results despite supply chain constraints.”\nOverall, the stock has a Moderate Buy consensus rating based on 5 Buys, 1 Hold and 1 Sell. The average Cambium Networks price target of $57.92 implies nearly 62% upside potential. Shares have gained around 52% year-to-date.\n\n\n\nRelated News: Gauging Oil-Dri Corp’s Risk Factors Boston Beer Delivers Mixed Q3 Results; Shares Slip 3.3% After-Hours A Look at MSC Industrial’s Risk Factors\nMore recent articles from Smarter Analyst:\n\n Grocery Outlet Partners with Instacart to Offer Online Same-Day Delivery Service \n AT&T Posts Strong Q3 Results on Customer Growth \n American Airlines Jumps 2% on Lower-than-Feared Quarterly Loss, Revenue Beats \n Snap Plunges 22% After-Hours on Disappointing Q3 Results","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":851244810,"gmtCreate":1634912192852,"gmtModify":1634912359591,"author":{"id":"3575693458669579","authorId":"3575693458669579","name":"Lavender00","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"If it's due to supply constraints, then we can expect it to bounce higher when supply issue is solved. What a golden opportunity.&nbsp;","listText":"If it's due to supply constraints, then we can expect it to bounce higher when supply issue is solved. What a golden opportunity.&nbsp;","text":"If it's due to supply constraints, then we can expect it to bounce higher when supply issue is solved. What a golden opportunity.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/851244810","repostId":2177490247,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}