NEW YORK, Aug. 07, 2023 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Cambium Networks Corporation (“Cambium” or the “Company”) ( CMBM). The investigation concerns whether Cambium and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
Cambium provides wireless broadband solutions, such as point-to-point and point-to-multipoint platforms for video, VoIP, Wifi, switching, software, and accessories.
On August 1, 2023, Cambium reported quarterly earnings of $0.03 per share, missing consensus estimates of $0.21 per share. This compares to earnings of $0.18 per share a year ago. The Company also announced that CEO Atul Bhatnagar was stepping down immediately. On this news, the price of Cambium shares declined by $4.89 per share, or approximately 30.07%, from $16.26 per share to close at $11.37 on August 2, 2023.
If you purchased or otherwise acquired Cambium securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod ofKirby McInerney LLP by email at [email protected], or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website:http://www.kmllp.com.
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Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-699-1180
https://www.kmllp.com
[email protected]
