Cambium Networks Corporation Class Action Lawsuit - CMBM

The filed complaint alleges that Cambium Networks Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) there was a buildup of inventory in the Company’s distribution channels; (2) the Company and its distributors were reasonably likely to offer aggressive discounts to reduce the high channel inventories; (3) the Company’s revenue would decline sequentially until the excess channel inventory was sold through; (4) Cambium was likely to incur significant charges to writedown excess and obsolete inventory; (5) as a result of the foregoing, the Company’s fiscal 2023 revenue and earnings would be adversely affected; and (6) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

In order to be eligible to join the CMBM class action lawsuit, you must have incurred a loss on shares of Cambium Networks purchased during the class period listed above.

If you suffered a loss in Cambium Networks during the relevant time frame or pursuant to the relevant offering(s), you have until July 22, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.