SAN DIEGO, July 02, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased Cambium Networks Corporation (NASDAQ:CMBM) securities between May 8, 2023 and January 18, 2024. Cambium, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions.
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The Allegations: Robbins LLP is Investigating Allegations that Cambium Networks Corporation (CMBM) Misled Investors Regarding its Financial Prospects
According to the complaint, during the class period defendants failed to disclose that: (1) there was a buildup of inventory in the Company's distribution channels; (2) that the Company and its distributors were reasonably likely to offer aggressive discounts to reduce the high channel inventories; (3) that the ...