SAN DIEGO, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP (www.JohnsonFistel.com) is investigating whether Cambium Networks Corporation ("Cambium" or the “Company”) ( CMBM), any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
What is Johnson Fistel investigating? On August 1, 2023, the Company reported its Q2 earnings; Cambium reported quarterly earnings of $0.03 per share, missing Consensus Estimate of $0.21 per share. This compares to earnings of $0.18 per share a year ago. Revenue was $59.5, missing estimates by $17.04M. The Company also announced that CEO Atul Bhatnagar was stepping down immediately.
What if I purchased Cambium common stock? If you purchased Cambium common stock and suffered significant losses on your investment, join our investigation now by clicking the following link:
https://www.johnsonfistel.com/investigations/cambium-networks-stock-news
Or for more information, contact Jim Baker at [email protected] or (619) 814-4471
There is no cost or obligation to you.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
Investor Relations
[email protected]
Frank Johnson, 619-309-4405
[email protected]
