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Why is Cambium Networks Corp (CMBM) Stock down?
05 Oct, 2023:
Cambium Networks Corporation (CMBM) dropped by 36.24% from $7.92 to $5.05 in the trading on Thursday October 5, 2023. The reason why CMBM stock down is due to the Q3 result. The company announced it expects preliminary third-quarter revenues of between $40-$45 million compared to the previous outlook of $62-$70 million.
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