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.”

集体诉讼期:May 8, 2023 through January 18, 2024

截止期限:

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.

案件详情:

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.

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公司名称: Cambium Networks Corporation
股票代号: CMBM
集体诉讼期: May 8, 2023 through January 18, 2024
法院: United States District Court for the Northern District of Illinois

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