Cambium Networks Corporation (NASDAQ:CMBM) traded at a new 52-week high today of $66.61. Approximately 9.6 million shares have changed hands today, as compared to an average 30-day volume of 194,000 shares.
In the past 52 weeks, shares of Cambium Networks Corporation have traded between the current low of $3.57 and a high of $66.40 and is now at $21.17.
Cambium Networks Corp provides wireless broadband networking infrastructure solutions for network operators, including medium-sized wireless Internet service providers, enterprises and government agencies. The company's scalable, reliable and high-performance solutions create a purpose-built wireless fabric which connects people, places and things across distances ranging from two meters to more than 100 kilometers, indoors and outdoors, using licensed and unlicensed spectrum, at attractive economics. Headquartered outside Chicago and with R&D centers in the U.S., U.K. and India, the company sells through a range of distributors overseas.
Potential upside of 7.9% exists for Cambium Networks Corporation, based on a current level of $21.17 and analysts' average consensus price target of $22.84.
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