Recent Security Class Actions

Cambium Networks Corporation Ordinary Shares (NASDAQ: CMBM)

6 Days left to seek lead plaintiff status.

Company Name:Cambium Networks Corporation Ordinary Shares
Stock Symbol:NASDAQ: CMBM
Class Period Start:05/08/2023
Class Period End (inclusive):01/18/2024
Filing Deadline:07/22/2024

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors that: (1) that there was a buildup of inventory in the Company’s distribution channels; (2) that the Company and its distributors were reasonably likely to offer aggressive discounts to reduce the high channel inventories; (3) that the Company’s revenue would decline sequentially until the excess channel inventory was sold through; (4) that Cambium was likely to incur significant charges to writedown excess and obsolete inventory; (5) that, as a result of the foregoing, the Company’s fiscal 2023 revenue and earnings would be adversely affected; and (6) that, 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.

Cambium Networks Corporation Ordinary Shares (NASDAQ: CMBM) Claim Form

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