Start here if you're new
what it is
Cambium sells wireless gear and cloud tools that help internet providers, businesses, and governments connect places without laying more cable.
how it gets paid
Last year Cambium Networks made $220M in revenue. fixed wireless was the main engine at $55M, or 25% of sales.
what just happened
Revenue hit $132M, but EPS was still a loss at -$1.62.
At a glance
n/a balance sheet
10/100 earnings predictability — expect surprises
12.5% return on capital — nothing to write home about
-$2.81 fy2023 eps est
$220M fy2023 rev est
xvary composite: 19/100 — weak
What they do
Cambium sells wireless gear and cloud tools that help internet providers, businesses, and governments connect places without laying more cable.
Cambium sells one network that stretches from 2 meters to more than 100 kilometers. Translation: one vendor can cover your building Wi-Fi and your long-distance links, so your team buys less gear and manages fewer systems. Its cloud software manages networks with minimal physical human intervention, which matters when your sites are spread out.
How they make money
$220M
annual revenue
fixed wireless
$55M
enterprise wi-fi
$55M
switching
$55M
cloud management
$55M
The products that matter
outdoor broadband radios
Fixed Wireless Hardware
$~120M · down 25%
This appears to be the main revenue engine at roughly $120M, but a 25% decline says carrier and service-provider demand is not bailing them out.
largest segment
enterprise Wi-Fi and switching
Wi-Fi & Switching
$~52M · down 15%
At roughly $52M, this is meaningful but not large enough to carry the company on its own. A 15% decline means the diversification story is not working yet.
second engine
cloud network management
ONE Network Platform
supports the hardware stack
The platform matters because it ties Cambium's gear together, but this snapshot does not show separate revenue for it. That's a clue: the software layer is still supporting the hardware story, not replacing it.
ecosystem glue
Key numbers
$220M
2023 sales est.
Against a roughly $35M market cap, you are paying about $0.16 for each $1 of estimated 2023 revenue.
-$2.81
2023 EPS est.
EPS means profit per share, and -$2.81 means the business burned value even while generating an estimated $220M of sales.
1.9
beta
Beta measures how violently a stock moves versus the market, and 1.9 says you should expect a rougher ride than the index.
30.7%
gross margin
Gross margin means money left after production costs, so 30.7% shows the products still produce room for overhead and recovery.
Financial health
n/a
strength
- balance sheet grade n/a
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
n/a — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for CMBM right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Revenue hit $132M, but EPS was still a loss at -$1.62.
Revenue jumped 202% vs. prior year, but the company still posted deep losses. That is the contrast that matters: sales recovered, profits did not.
$132M
revenue
-$1.62
eps
30.7%
gross margin
the number that mattered
Gross margin was 30.7%, because that is the money left after product costs and it sets the ceiling for any turnaround.
source: company earnings report, 2026
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What could go wrong
The #1 risk here is Nasdaq non-compliance layered on top of late SEC filings. That is a company-specific threat, and it lands on a business already losing $98.12M on $172.22M of revenue.
med
Nasdaq listing pressure
Cambium received deficiency notices tied to both the minimum bid requirement and delinquent filings. This is not cosmetic. Listing status affects liquidity, credibility, and access to fresh capital.
If the company cannot clean this up, you are dealing with a weaker trading venue on top of an already fragile equity story.
med
The operating model still does not work
A -56.98% net margin and roughly -112% return on equity on $172.22M of revenue tell you the current cost structure and demand base are out of sync. The company does not need a small fix. It needs a real reset.
Losses at this scale can force balance-sheet actions, dilution, or deeper cuts that make a recovery harder.
med
End-market demand is still soft
Fixed Wireless is down 25% and Wi-Fi & Switching is down 15% in the figures shown here. That suggests pressure across the portfolio, not just one bad product line.
If customers keep delaying network spend, even a cleaner filing status will not solve the revenue problem.
The combined risk picture is blunt: you have listing risk, reporting risk, and an operating model that lost $98.12M against a $172.22M revenue base.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
next earnings report
Expected May 8, 2026. Consensus sits at a $0.15 per-share loss on $43.35M in revenue. The number that matters is not just the loss. It is whether revenue stops shrinking.
listing
Nasdaq compliance status
The company has dealt with notices tied to both the sub-$1 bid requirement and delinquent SEC reports. Any update here changes the stock's tradability story immediately.
margin
gross margin holding above 30.7%
Gross margin is the first proof point that pricing and product mix are stabilizing. If that slips while revenue stays weak, the turnaround math gets worse fast.
demand
whether declines in the two main segments ease
Fixed Wireless was down 25% and Wi-Fi & Switching was down 15%. You want those declines getting smaller. Flat would already be progress.
Analyst rankings
earnings predictability
10 / 100
In human-speak, analysts do not trust the quarter-to-quarter earnings pattern here. You should not expect smooth execution.
risk rank
5
This sits safer than only 5% of stocks in the dataset. Translation: it screens as unusually risky even before you read the filing story.
price stability
5 / 100
The stock has almost no stability score. That fits a company trading around compliance risk, not steady fundamentals.
source: institutional data
Institutional activity
institutional ownership data for CMBM is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$1
current price
n/a
target midpoint · n/a from current
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