Cambium Networks Corporation (CMBM) Stock: Why It’s Declining

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Cambium Networks Corporation (CMBM) is making a move down in the market today. The stock, focused in the technology space, is presently trading at $9.38 after tumbling -12.34% so far today. As it relates to technology companies, there are several aspects that have the potential to cause price movement in the market. One of the most common is news. Here are the recent stories associated with CMBM:

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Aug-23-19 10:57AM Cambium Networks to Present at the 2019 Deutsche Bank Technology Conference
Aug-08-19 04:05PM Cambium Networks Reports Second Quarter 2019 Financial Results
04:01PM Cambium Networks Announces the Purchase of Xirrus Wi-Fi Networks from Riverbed Technology, Inc.
Aug-06-19 10:00AM Cambium Networks Announces New ePMP Force 300 Fixed Wireless Broadband Solutions
10:00AM Cambium Networks Announces New ePMP Force 300 Fixed Wireless Broadband Solutions

However, any time investors are making a decision with regard to investing, prospective investors should look into much more than news, this is especially the case in the ever evolving technology space. Here’s what’s happening with Cambium Networks Corporation.

Trends That We’ve Seen From CMBM

Although a single session decline, like the fall that we’re seeing from Cambium Networks Corporation might lead to fear in some investors, a single session move by itself should not be the reason for a decision to, or not to, invest in a company. It’s generally important to look into trends experienced by the stock beyond a single session. As it relates to CMBM, below are the trends that we have seen:

  • Past Seven Days – Throughout the past 5 trading sessions, CMBM has produced a change in price in the amount of 6.83%.
  • Monthly – The monthly performance from Cambium Networks Corporation works out to 5.63%.
  • Past Quarter – Over the last quarter, the company has generated a ROI of 0
  • Bi-Annually – In the previous six months, investors have seen a change that equates to 0 from the company.
  • Year To Date – Since the close of last year CMBM has generated a ROI of -3.30%.
  • Annually – Finally, over the last full year, investors have seen movement amounting to 0 out of CMBM. Over this period, the stock has traded at a high price of -12.74% and a low of 16.65%.

Rations That You Should Look Into

Digging into various ratios associated with a stock can give investors a look of how dangerous and/or potentially profitable a pick might be. Here are a few of the key ratios to think about when digging into CMBM.

Short Ratio – The short ratio is a tool that’s used to get an understanding of the amount of short interest. As the short ratio goes higher, it shows that more investors believe that the value of the stock is going to go down. Throughout the sector, strong tech stocks can carry a lower short ratio. However, we also tend to see quite a few short squeezes in the sector. Nonetheless, when it comes to Cambium Networks Corporation, the stock’s short ratio comes to 0.22.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Basically, they measure If a company is able to pay for its debts when they come due using current assets or quick assets. Because in tech, companies are heavily reliant on continued investor support as they work to bring new technologies to market, these ratios can be upsetting. Nonetheless, quite a few good picks in the technology sector do have strong current and quick ratios. As far as CMBM, the quick and current ratios add up to 1.80 and 2.20 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets owned by the company. In this case, that ratio works out to 1.48.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the price of the company’s stock. In this case, the cash to share value ratio comes to 2.83.

Show Me The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in CMBM, here’s what we’re seeing:

  • Institutional Investors – As it stands now, institutional investors hold 90.00% of CMBM. On the other hand, it is important to mention that institutional ownership has changed in the amount of 0 over the past quarter.
  • Insider Moves – with regard to insiders, those close to the situation currently own 4.70% of Cambium Networks Corporation. Insider ownership of the company has seen a move of 0 throughout the last 3 months.

How Analysts Feel About Cambium Networks Corporation

While it’s never a good idea to unknowingly follow the thoughts of analysts, it is a smart idea to consider their opinions in order to validate your own thoughts before making investment decisions in the technology industry. Below are the recent moves that we’ve seen from analysts with regard to CMBM.

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Jul-22-19 Initiated Raymond James Outperform $12.50
Jul-22-19 Initiated Oppenheimer Outperform
Jul-22-19 Initiated JP Morgan Overweight $18
Jul-22-19 Initiated JMP Securities Mkt Outperform $13
Jul-22-19 Initiated Goldman Neutral $11

What We’ve Seen In Financial Results

What have ween seen from CMBM in terms of financial results?Here’s the information:

  • Analyst Expectations – Currently, Wall Street analysts have expectations that the company will report EPS of 1.02, with 0.14 being reported in the next financial report. Although this isn’t associated with earnings, because we are talking on the topic of analysts, Cambium Networks Corporation is presently rated a 2.20 on a scale from 1 to 5 where 1 is the poorest Wall St. analyst grade and 5 is the best possible.
  • 5-Year Sales – Over the past half decade, Cambium Networks Corporation has created a change in sales volume in the amount of 0. Earnings in the past half decade have seen movement in the amount of 0.
  • Q/Q – In terms of quarter over quarter data, or Q/Q data as it is commonly referred to as in the human world, CMBM has created a change in earnings in the amount of 0. Cambium Networks Corporation has also experienced a change in terms of revenue that adds up to 13.40%.

Float Information

Traders tend to have an interest in the total numbers of shares both outstanding and available. In terms of Cambium Networks Corporation, there are currently 25.17M and there is a float of 24.44M. These numbers mean that out of the total of 25.17M shares of CMBM in existence today, 24.44M are able to be traded on the market.

I also find it important to follow the short percent. Think about it, when a high percentage of the float is shorted, the overall feeling in the market is that the equity is headed for a steep decline. In regard to CMBM, the percentage of the float that is shorted currently sits at 0.15%. Most traders believe that a concerning short percent of the float is considered to be anything over 40%. Nonetheless, I have found that any short ratio over 26% is probably going to be a play that comes with hefty risk.

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