Skylands Capital LLC Buys New Position in Cambium Networks Co. Worth Over $661,000
On May 13, 2023, Skylands Capital LLC disclosed a new position it bought in Cambium Networks Co. (NASDAQ:CMBM) during the fourth quarter of the previous year with the Securities and Exchange Commission (SEC). The investment firm purchased 30,500 shares of CMBM’s stock valued at roughly $661,000. According to reports, Skylands Capital LLC currently owns around 0.11% of the Cambium Networks.
Cambium Networks Corp., based in Rolling Meadows, IL., specializes in providing wireless broadband networking infrastructure solutions to network operators. Its highly-regarded products include point-to-point systems that support backhaul transmission operations to wireless service providers or business enterprises; enterprise Wi-Fi and switching technology; closed-circuit television software systems; and point-to-multipoint platforms designed for more extensive area coverage capabilities.
Since its inception in 2011, Cambium Networks has developed an excellent reputation due to its cutting-edge technology and reliable performance metrics.
As of May 13, 2023, CMBM’s shares opened at $14.07 per share after experiencing a high of $24.19 per share within the past year and a low of $12.40 within the same period.
The move by Skylands Capital LLC to invest heavily in CMBM is understandable since Cambium Networks has been able to maintain growth at impressive levels despite the challenges that came with the COVID-19 pandemic. Additionally, holding onto this investment for more extended periods could reap generous returns on investment due to CMBM’s market capitalization exceeding $385 million.
CMBM’s “quick ratio” standing at approximately 1.79 and “current ratio” hovering close to 2.44 prove its impressive liquidity position despite possessing relatively mild debt-to-equity ratios hovering around 0.17.
Given these considerations, investing in CMBM is hardly a gamble at this moment in the world of high finance. Since the technology firm continues to demonstrate growth potential and impressive financial management strategies, investors like Skylands Capital LLC can win big by buying into Cambium Networks Corp’s admirable ethos and technological innovation initiatives.
Investment Trends at Cambium Networks: Institutional Investors, Research Firms, and Recent Business Activities Analyzed
Cambium Networks: Analyzing Recent Investment
May 13, 2023 – Cambium Networks Corp., headquartered in Illinois, is a provider of wireless broadband networking infrastructure solutions for network operators. The company offers a variety of products including point-to-point, enterprise Wi-Fi and switching, CCTV, software, and point-to-multipoint. Institutional investors have recently added or reduced their stakes in the business. Swiss National Bank raised its position in shares of Cambium Networks by 10.0% during the 1st quarter while US Bancorp DE increased its stake by 30.0%. Rhumbline Advisers upped its holdings from Cambium by 31.6%, BlackRock Inc rose by 2.4%, and finally, Dimensional Fund Advisors LP increased its interest by an impressive 40.3% during the same period.
Research firms have also weighed in on CMBM’s business activities . JPMorgan Chase & Co. cut theirs target price on shares of Cambium Networks from $24 to $20 and labeled them “neutral”. Raymond James slashed their target price to $25 while Oppenheimer raised it to $25 but both companies still rate them as “outperform”.
These reports come amid news that VP Vibhu Vivek sold his shares in the company back in March of this year. The shares were sold at an average price of $20.27 and totaled $450,987.23; following the sale Vivek retained ownership of just over 81 thousand shares.
During the first quarter of this year (Q1), Revenue for Cambium Network had surpassed analysts’ consensus estimates with it coming out at $84.51 million compared to an estimated amount of $82.08 million-alongside earnings per share (EPS) of $0.28 similar reports indicate that they will post expected EPS numbers for the entire year totaling at $0.87.
Institutional investors currently own 90.06% of the stock which means that retail investors own only a small percentage, approximately 9.94% of the shares at present.
It is clear that there has been significant investment activity at Cambium Networks thus far this year and despite some cautionary notes from research firms, it appears that overall trends continue to be positive. As always, it will remain important to keep an eye on further developments as they arise.
