San Diego, CA -- (SBWIRE) -- 11/30/2023 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Cambium Networks.

Investors who purchased shares of Cambium Networks Corporation (NASDAQ: CMBM) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Cambium Networks Corporation directors breached their fiduciary duties and caused damage to the company and its shareholders.

Rolling Meadows, IL based Cambium Networks Corporation, together with its subsidiaries, designs, develops, and manufactures wireless broadband and Wi-Fi networking infrastructure solutions. Cambium Networks Corporation reported that its annual Total Revenue declined from $335.85 million in 2021 to $296,89 million in 2022 and that its Net Income declined from $37.42 million in 2021 to $20.20 million in 2022.

On August 1, 2023, Cambium Networks Corporation reported its Q2 earnings; Cambium reported quarterly earnings of $0.03 per share, missing Consensus Estimate of $0.21 per share. This compares to earnings of $0.18 per share a year ago. Revenue was $59.5, missing estimates by $17.04M. Cambium Networks Corporation also announced that CEO Atul Bhatnagar was stepping down immediately.

Shares of Cambium Networks Corporation (NASDAQ: CMBM) declined from $24.19 per share on November 04, 2022 to as low as $3.53 per share on November 13, 2023.

Those who purchased shares of Cambium Networks Corporation (NASDAQ: CMBM) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.