Cambium Networks Intrinsic Value – CAMBIUM NETWORKS Reports Decrease in Total Revenue for FY2023 Q2
August 7, 2023
🌥️Earnings Overview
For the period ending June 30 2023, CAMBIUM NETWORKS ($NASDAQ:CMBM) reported total revenue of USD 59.5 million, a decrease of 14.1% year over year. On August 1 2023, they also reported their FY2023 Q2 earnings results with a net income of USD -2.6 million, in comparison to the USD 2.3 million reported in the same quarter the previous year.
Market Price
On Tuesday, CAMBIUM NETWORKS reported a decrease of total revenue for the second quarter of fiscal year 2023. The company’s stock opened at $16.2 and closed at $16.3, marginally up by 0.4% from its previous closing price of 16.2. CAMBIUM NETWORKS is an American wireless networking technology company that specializes in wireless backhaul and point-to-multipoint broadband networks. The company provides wireless broadband solutions to service providers, governments, and enterprises to meet the ever-increasing demand for reliable, secure, and high-speed connectivity. Additionally, CAMBIUM NETWORKS faced a number of challenges in terms of delivering services due to the pandemic, which hampered their growth and had an adverse effect on their financial performance.
However, despite facing difficulties, the company has continued to focus on developing innovative solutions and strengthening its offerings in order to stay ahead in the competition. Through diversifying its product portfolio and exploring new markets, CAMBIUM NETWORKS is confident that it will be able to overcome the challenges posed by the current pandemic and emerge stronger. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cambium Networks. More…
| Total Revenues | Net Income | Net Margin |
| 302.65 | 21.08 | 7.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cambium Networks. More…
| Operations | Investing | Financing |
| -4.29 | -10.54 | 0.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cambium Networks. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 280.29 | 126.24 | 5.58 |
Key Ratios Snapshot
Some of the financial key ratios for Cambium Networks are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.2% | 25.7% | 7.2% |
| FCF Margin | ROE | ROA |
| -4.9% | 8.9% | 4.9% |
Analysis – Cambium Networks Intrinsic Value
At GoodWhale, we conducted an analysis of CAMBIUM NETWORKS‘ wellbeing over the past year in order to provide our clients with an accurate assessment of their fair value. After careful consideration and evaluation of the data, we determined that the fair value of CAMBIUM NETWORKS share is around $24.1. Our proprietary Valuation Line was used to reach this figure. Currently, CAMBIUM NETWORKS stock is traded at $16.3, which means it is undervalued by 32.3%. This presents an opportunity for investors who are looking to capitalize on a potentially lucrative return. As such, GoodWhale recommends that investors interested in gaining exposure to CAMBIUM NETWORKS should take this opportunity to buy at its current price. More…
Peers
The company’s products are used by service providers, enterprises, and government organizations around the world. Cambium Networks competes with a number of other companies in the wireless networking market, including Wialan Technologies Inc, Tejas Networks Ltd, and Raisecom Technology Co Ltd.
– Wialan Technologies Inc ($OTCPK:WLAN)
Tejas Networks Ltd is a leading global provider of optical and data networking products and solutions. The company offers a wide range of products and solutions that enable service providers, enterprises and governments to build high-performance converged networks. Tejas Networks Ltd has a market cap of 102.35B as of 2022 and a ROE of -2.95%. The company’s products and solutions are used by some of the world’s largest telecommunication service providers, enterprises and governments. Tejas Networks Ltd has a strong global presence with a wide network of sales and support offices across the world.
– Tejas Networks Ltd ($BSE:540595)
Raisecom Technology Co Ltd is a Chinese company that designs and manufactures telecommunications equipment. The company’s products include routers, switches, and other networking devices. Raisecom Technology Co Ltd has a market cap of 3.15B as of 2022, a Return on Equity of -0.43%. The company’s products are used by telecommunications service providers, enterprise customers, and government organizations.
Summary
Cambium Networks reported their Q2 FY2023 earnings on August 1 2023, with total revenue of USD 59.5 million, a 14.1% decrease year over year. Net income was USD -2.6 million, compared to 2.3 million last year. Despite the decrease in revenue, investors may be encouraged by the relatively small impact on the bottom line and have an opportunity to invest in Cambium Networks at a discounted rate. In addition, with their strong presence in the global Wi-Fi and wireless broadband markets, Cambium Networks may potentially have growth potential and stability for investors.
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