CMBM INVESTOR NOTICE

Robbins Geller Rudman & Dowd LLP Announces that Cambium Networks Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Cambium Networks Corporation (NASDAQ: CMBM) securities between May 8. 2023 and January 18, 2024, inclusive (the “Class Period”), have until July 22, 2024 to seek appointment as lead plaintiff of the Cambium Networks class action lawsuit. Captioned Hamby v. Cambium Networks Corporation, No. 24-cv-04240 (N.D. Ill.), the Cambium Networks class action lawsuit charges Cambium Networks and certain of Cambium Networks’ top current and former executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Cambium Networks class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-cambium-networks-corporation-class-actio ...

You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [e-mail]. Lead plaintiff motions for the Cambium Networks class action lawsuit must be filed with the court no later than July 22, 2024.

CASE ALLEGATIONS: Cambium Networks engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions.

The Cambium Networks class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) there was a buildup of inventory in Cambium Networks’ distribution channels; (ii) Cambium Networks and its distributors were reasonably likely to offer aggressive discounts to reduce the high channel inventories; (iii) Cambium Networks’ revenue would decline sequentially until the excess channel inventory was sold through; (iv) Cambium Networks was likely to incur significant charges to writedown excess and obsolete inventory; and (v) as a result, Cambium Networks’ fiscal year 2023 revenue and earnings would be adversely affected.

The Cambium Networks class action lawsuit further alleges that on August 1, 2023, Cambium Networks reported that second quarter 2023 revenue fell 23% quarter-over-quarter due to “higher channel inventories” that resulted in “lower demand for Enterprise products.” On this news, the price of Cambium Networks stock fell more than 30%, according to the complaint.

The Cambium Networks class action lawsuit further alleges that on October 4, 2023, Cambium Networks revealed that third quarter revenue would significantly miss the prior outlook and suspended its full year 2023 outlook due to high channel inventories. On this news, the price of Cambium Networks stock fell more than 36%, according to the complaint.