Cambium Networks Shares Pop On Double Upgrade By Raymond James

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  • Raymond James analyst Simon Leopold double upgraded Cambium Networks Corp 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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