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Barrington Sticks to Their Hold Rating for Cambium Networks (CMBM)

In a report issued on May 26, Christopher Howe from Barrington maintained a Hold rating on Cambium Networks (CMBMResearch Report). The company’s shares closed last Friday at $14.66, close to its 52-week low of $12.40.

According to TipRanks.com, Howe is a 4-star analyst with an average return of 11.3% and a 43.6% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as Commercial Vehicle Group, Standex International, and Helios Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cambium Networks with a $29.00 average price target.

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Cambium Networks’ market cap is currently $393.3M and has a P/E ratio of 26.59.

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Cambium Networks Corp. engages in the wireless broadband networking infrastructure services. It serves medium-sized wireless Internet service providers, enterprises and government agencies. The firm operates secure wireless broadband point-to-point and point-to-multipoint platforms. The company was founded in 2011 and is headquartered in Rolling Meadows, IL.

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