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Business

Anusuya Lahiri

Cambium Networks Shares Pop On Double Upgrade By Raymond James

Cambium Networks Raymond James Simon Leopold

Raymond James analyst Simon Leopold double upgraded Cambium Networks Corp (NASDAQ:CMBM) to Strong Buy from Market Perform with a $35 price target, implying an upside of 57.6%.
Leopold believes fundamental demand remains solid, with temporary supply chain constraints depressing near-term results.
He tells investors in a research note that checks indicate that elements of the semiconductor supply have improved while logistics and transport hurdles have worsened.
Cambium Networks provides wireless broadband networking infrastructure solutions for network operators, including medium-sized wireless Internet service providers, enterprises, and government agencies.
Price Action: CMBM shares traded higher by 9.62% at $22.21 on the last check Friday.

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