Roth MKM lowered the firm’s price target on Cambium Networks to $10.75 from $12.75 but keeps a Buy rating on the shares. The analyst cites the company’s negative Q4 pre-announcement reflecting the channel incentives around its Enterprise products. Roth MKM adds however that shares have likely bottomed, with the stock trading at enterprise value of 0.5-times expected FY24 sales, with new product cycles poised to drive a growth recovery.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CMBM: