- Raymond James analyst Simon Leopold double upgraded Cambium Networks Corp (NASDAQ:CMBM) to Strong Buy from Market Perform with a $35 price target, implying an upside of 57.6%.
- Leopold believes fundamental demand remains solid, with temporary supply chain constraints depressing near-term results.
- He tells investors in a research note that checks indicate that elements of the semiconductor supply have improved while logistics and transport hurdles have worsened.
- Cambium Networks provides wireless broadband networking infrastructure solutions for network operators, including medium-sized wireless Internet service providers, enterprises, and government agencies.
- Price Action: CMBM shares traded higher by 9.62% at $22.21 on the last check Friday.
