ATLANTA, GA – – (Globe Newswire – August 7, 2023) – – Holzer & Holzer, LLC is investigating whether Cambium Networks Corporation (“Cambium” or “the Company”) (NASDAQ: CMBM) complied with federal securities laws. On August 1, 2023, Cambium reported its financial results for the quarter ended June 30, 2023, which the Company described as “disappointing as a result of lower demand for Enterprise products caused by lower order volumes from distributors and high channel inventories, and a challenging macroeconomic environment, especially in EMEA.” The Company also disclosed that its CEO, Atul Bhatnagar, was stepping down immediately. Following this news, the price of the Company’s stock dropped.
If you purchased Cambium stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer, Esq. at firstname.lastname@example.org or Joshua Karr, Esq. at email@example.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com/case/cambium/ to discuss your legal rights.