From MarketBeat:

Cambium Networks Co. (NASDAQ:CMBM) experienced a significant decrease in short interest during the month of December. Approximately 2.3% of the company’s shares are sold short. The stock currently has an average rating of “Hold” and an average price target of $12.13.

Cambium Networks stock dropped 6.1% on Friday, trading at $6.00. The company reported a negative return on equity of 2.24% and a negative net margin of 5.50%. Analysts forecast that Cambium Networks will post -0.67 EPS for the current year.

Director Kevin J. Lynch purchased 15,569 shares of the stock on November 16th. Insiders have bought 17,569 shares of company stock worth $72,093. 57.80% of the stock is owned by insiders.

Several institutional investors have added to or reduced their stakes in Cambium Networks. Swiss National Bank raised its stake in shares of the company by 10.0%, while BlackRock Inc. grew its position by 2.4%.

Cambium Networks Corporation, designs, develops, and manufactures wireless broadband and Wi-Fi networking infrastructure solutions, offering a variety of products including point-to-point fixed wireless backhaul solutions and enterprise solutions.

Cambium Networks has a “Hold” rating among analysts, but top-rated analysts believe other stocks are better buys. Specifically, MarketBeat has identified five top-rated stocks that top analysts are quietly recommending to their clients to buy now.



Read more: Cambium Networks Co. (NASDAQ:CMBM) Short Interest Update