Cambium Networks ( (CMBM) ) has released a notification of late filing.
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Cambium Networks Corporation has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The delay is primarily due to the need for additional time to finalize internal control assessments and complete closing processes related to its Form 10-K (Yearly Report) for the year ended December 31, 2024. The company has identified material weaknesses in internal controls over financial reporting, including issues with Allowance for Credit Losses, Customer Incentives, and IT General Controls. Cambium Networks does not expect to file the 10-Q within the extension period. Financially, the company anticipates reporting revenues of approximately $35.3 million and a net loss of $10.8 million for the quarter ended March 31, 2025. The company is actively working on improving its internal controls with oversight from its Audit Committee. The notification was signed by Jacob A. Sayer, Chief Financial Officer, on May 15, 2025.
The most recent analyst rating on (CMBM) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on Cambium Networks stock, see the CMBM Stock Forecast page.
Spark’s Take on CMBM Stock
According to Spark, TipRanks’ AI Analyst, CMBM is a Neutral.
Cambium Networks faces significant financial challenges, with declining revenues, negative profitability, and increased leverage posing risks to financial health. While there are short-term bullish signals in technical analysis, the long-term outlook remains bearish. Valuation metrics are weak, with a negative P/E ratio and no dividend yield. The earnings call provides a mixed outlook, highlighting growth in the Enterprise segment but ongoing challenges in defense revenues and compliance issues. The recent promotion within the financial team is a positive step but does not substantially alter the overall risk profile.
To see Spark’s full report on CMBM stock, click here.
More about Cambium Networks
Average Trading Volume: 225,446
Technical Sentiment Signal: Sell
Current Market Cap: $13.91M
See more data about CMBM stock on TipRanks’ Stock Analysis page.