ATLANTA, GA – – (Globe Newswire – May 23, 2024) – – Holzer & Holzer, LLC announces that it has filed a shareholder class action lawsuit against Cambium Networks Corporation (“Cambium” or “the Company”) (NASDAQ: CMBM). The lawsuit alleges Defendants made materially false and misleading statements and/or failed to disclose material information regarding the Company’s business, operations, and prospects, including allegations that: (1) there was a buildup of inventory in Cambium’s distribution channels; (2) Cambium 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; and (5) as a result of the foregoing, Cambium’s fiscal 2023 revenue and earnings would be adversely affected.

If you bought Cambium shares between May 8, 2023 and January 18, 2024, and suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888)-508-6832, or you may visit the firm’s website at www.holzerlaw.com/case/cambium-networks/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is July 22, 2024.