NASDAQ: CMBM

Cambium Networks Corporation

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Cambium Networks Corporation (NASDAQ: CMBM) between May 8, 2023 and January 18, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 22, 2024.

If you purchased Cambium securities and would like to join the action, please click “Join This Class Action.”

Class Period:May 8, 2023 through January 18, 2024

Deadline:

32 Days
If you purchased Cambium securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

  • there was a buildup of inventory in Cambium’s distribution channels;
  • Cambium and its distributors were reasonably likely to offer aggressive discounts to reduce the high channel inventories;
  • Cambium’s revenue would decline sequentially until the excess channel inventory was sold through;
  • Cambium was likely to incur significant charges to writedown excess and obsolete inventory;
  • as a result of the foregoing, Cambium’s fiscal 2023 revenue and earnings would be adversely affected; and
  • as a result of the foregoing, defendants’ positive statements about Cambium’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Follow us on:
Company Name: Cambium Networks Corporation
Stock Symbol: CMBM
Class Period: May 8, 2023 through January 18, 2024
Court: United States District Court for the Northern District of Illinois

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

Scroll to Top