Cambium Networks initiated with an Outperform at Oppenheimer
Oppenheimer analyst Ittai Kidron started coverage of Cambium Networks with an Outperform rating and a $15 price target. The analyst believes Cambium is positioned for "solid growth" as it gains share with new products, helps service providers expand and upgrade their networks, and gains enterprise exposure. In particular, he sees continued fast-paced wireless data consumption and technology advancement, a differentiated technology delivering a compelling combination of value and performance, a large $9.7B TAM, and an extending value proposition as new higher-value/higher-margin software solutions are introduced. Kidron also expects "solid" operating leverage gains as sales scale and as product mix gradually incorporates more software.