Cambium Networks reports $73 million in revenue
ROLLING MEADOWS -- Cambium Networks Corp., a provider of wireless networking infrastructure solutions, Tuesday said preliminary unaudited revenues for the third quarter will be approximately $73 million, above the high-end of the previous Aug. 11 outlook of $64 million $67 million.
The increased outlook reflects better than anticipated demand for both fixed wireless broadband products and cloud powered enterprise Wi-Fi solutions, the company said. Its fiscal year third quarter ended Sept. 30.
The company said increased federal business, combined with service providers building up networks because of requests for increased capacity, drove the higher demand for products.