Mar. 21 at 3:06 AM
$CMBM
The stock has regained both the 20- and 50-day moving averages. We continue to hold just under 5%.
Todayās volume remains relatively light, suggesting this move is still developing.
CEO Morgan Kurk has stated the company expects to meet all reporting and restatement deadlines in early April. He has also indicated that inventory conditions are improving and that production is stabilizing as manufacturing capacity ramps.
For short sellers, this 6 month talk of bankruptcy, delisting and sub dollar is all done, itās a pipe dream. They have not spoke to or visited the company. Itās been a pipe dream. Now you must cover before the reports.
Cambium operates in a sector that stands to benefit from broadband expansion initiatives like BEAD funding late this summer.
If the company stabilizes and executes, it could re-rate into a higher range over time, and like many companies in this space, may attract strategic interest. They are headed for
$10 no doubt and a likely buyout target
