Why is Cambium Networks Corp (CMBM) Stock down?

We've noticed a 5.03% decline in Cambium Networks Corp (CMBM) stock during the 2024-06-21 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
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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