Street Calls of the Week
HOFFMAN ESTATES, Ill. - Cambium Networks Corporation (NASDAQ:CMBM), a microcap company with a market value of $21.18 million and current trading price of $0.75, announced Thursday it has received a staff determination letter from Nasdaq notifying the company that its ordinary shares are subject to delisting from The Nasdaq Global Market.
The networking solutions provider failed to regain compliance with Nasdaq’s minimum bid price requirement of $1.00 per share by the October 7 deadline, following an initial deficiency notice received on April 10. The company’s shares had traded below the threshold for 30 consecutive business days. According to InvestingPro data, despite a significant 112% surge over the past six months, the stock maintains high price volatility and shows concerning financial health metrics.
Additionally, Cambium has not filed its annual report for 2024 and quarterly reports for the first two quarters of 2025, violating Nasdaq’s filing requirements. The company had previously been granted an extension until October 13 to address these delinquencies but notified Nasdaq on September 9 that it would be unable to meet this deadline.
The delisting notice does not immediately affect the trading of Cambium’s securities. The company plans to request a hearing before the Nasdaq Hearings Panel, which will automatically stay the suspension of its securities for 15 calendar days from the hearing request date. Cambium also intends to request an extended stay pending the hearing outcome.
There is no assurance that the Hearings Panel will grant additional time for the company to address these compliance issues, according to the press release statement.
Cambium Networks describes itself as a provider of wired and wireless broadband and network edge technologies serving service providers, enterprises, industrial organizations, and governments. InvestingPro analysis reveals the company is quickly burning through cash, with analysts anticipating sales decline this year. Get access to 8 more key ProTips and comprehensive financial analysis through InvestingPro’s detailed research report.
In other recent news, Cambium Networks reported stable customer shipments for the second quarter of 2025, totaling approximately $40 million, consistent with the first quarter. The company also noted a 6% increase in new customer orders, reaching about $47 million, and a 17% sequential rise in distributor sell-through, with inventory levels returning to pre-pandemic norms. Additionally, Cambium Networks expanded its ONE Network solutions portfolio by introducing new multi-gigabit Wi-Fi 7 access points and cnMatrix switches, targeting AI-powered enterprise networks. The new products include the X7-55X, a tri-band access point with 6 GHz support, and the X7-53X, designed for education and hospitality sectors.
However, Cambium Networks received a delinquency notice from Nasdaq for not filing its quarterly financial report on time. The notice highlights the company’s non-compliance with Nasdaq’s continued listing requirements due to the late submission of its Quarterly Report on Form 10-Q for the period ending June 30, 2025. Cambium Networks also announced the departure of its Chief Financial Officer, adding to the recent developments within the company.
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