We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unlocking Cambium (CMBM) International Revenues: Trends, Surprises, and Prospects
Read MoreHide Full Article
Have you looked into how Cambium (CMBM - Free Report) performed internationally during the quarter ending March 2024? Considering the widespread global presence of this company, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.
In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For investors, the key is to grasp how reliant a company is on overseas markets, as this provides insights into the durability of its earnings, its ability to exploit different economic cycles, and its overall growth capabilities.
Being present in foreign markets serves as protection against local economic declines and helps benefit from more rapidly expanding economies. Yet, such expansion also introduces challenges related to currency fluctuations, geopolitical uncertainties and varied market behaviors.
While delving into CMBM's performance for the past quarter, we observed some fascinating trends in the revenue from its foreign segments that are commonly modeled and observed by analysts on Wall Street.
The company's total revenue for the quarter amounted to $42.34 million, marking a decrease of 45.3% from the year-ago quarter. We will next turn our attention to dissecting CMBM's international revenue to get a clearer picture of how significant its operations are outside its main base.
A Dive into CMBM's International Revenue Trends
Caribbean and Latin America accounted for 11.6% of the company's total revenue during the quarter, translating to $4.89 million. Revenues from this region represented a surprise of +30.45%, with Wall Street analysts collectively expecting $3.75 million. When compared to the preceding quarter and the same quarter in the previous year, Caribbean and Latin America contributed $5.3 million (13.2%) and $3.69 million (4.8%) to the total revenue, respectively.
During the quarter, Asia Pacific contributed $3.99 million in revenue, making up 9.4% of the total revenue. When compared to the consensus estimate of $4.11 million, this meant a surprise of -3.02%. Looking back, Asia Pacific contributed $4.43 million, or 11%, in the previous quarter, and $6.42 million, or 8.3%, in the same quarter of the previous year.
Of the total revenue, $8.41 million came from Europe, Middle East and Africa during the last fiscal quarter, accounting for 19.9%. This represented a surprise of -29.74% as analysts had expected the region to contribute $11.97 million to the total revenue. In comparison, the region contributed $3.42 million, or 8.5%, and $19.71 million, or 25.5%, to total revenue in the previous and year-ago quarters, respectively.
International Market Revenue Projections
For the current fiscal quarter, it is anticipated by Wall Street analysts that Cambium will report a total revenue of $46.38 million, which reflects a decline of 22.1% from the same quarter in the previous year. The revenue contributions are expected to be 12.9% from Caribbean and Latin America ($5.96 million), 11.8% from Asia Pacific ($5.45 million) and 25.5% from Europe, Middle East and Africa ($11.84 million).
For the full year, the company is expected to generate $217.62 million in total revenue, down 1.2% from the previous year. Revenues from Caribbean and Latin America, Asia Pacific and Europe, Middle East and Africa are expected to constitute 11.6% ($25.24 million), 11.7% ($25.46 million) and 27.2% ($59.09 million) of the total, respectively.
Closing Remarks
Relying on international markets for revenues, Cambium faces both prospects and perils. Thus, tracking the company's international revenue trends is essential for accurately projecting its future trajectory.
In a world where international interdependencies and geopolitical conflicts are ever-increasing, Wall Street analysts closely monitor these trends for companies having international presence to adjust their earnings forecasts. Of course, there are several other factors, including a company's standing within its home borders, that influence analysts' earnings forecasts.
At Zacks, we place significant importance on a company's evolving earnings outlook. This is based on empirical evidence demonstrating its strong influence on a stock's short -term price movements. Invariably, there exists a positive relationship -- an upward revision in earnings estimates is typically mirrored by a rise in the stock price.
The Zacks Rank, our proprietary stock rating tool, comes with an externally validated impressive track record. It effectively utilizes shifts in earnings projections to act as a dependable barometer for forecasting short-term stock price trends.
Examining the Latest Trends in Cambium's Stock Value
The stock has declined by 9.9% over the past month compared to the 2% rise of the Zacks S&P 500 composite. Meanwhile, the Zacks Computer and Technology sector, which includes Cambium, has increased 1.5% during this time frame. Over the past three months, the company's shares have experienced a loss of 23.2% relative to the S&P 500's 5.8% increase. Throughout this period, the sector overall has witnessed a 4.9% increase.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unlocking Cambium (CMBM) International Revenues: Trends, Surprises, and Prospects
Have you looked into how Cambium (CMBM - Free Report) performed internationally during the quarter ending March 2024? Considering the widespread global presence of this company, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.
In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For investors, the key is to grasp how reliant a company is on overseas markets, as this provides insights into the durability of its earnings, its ability to exploit different economic cycles, and its overall growth capabilities.
Being present in foreign markets serves as protection against local economic declines and helps benefit from more rapidly expanding economies. Yet, such expansion also introduces challenges related to currency fluctuations, geopolitical uncertainties and varied market behaviors.
While delving into CMBM's performance for the past quarter, we observed some fascinating trends in the revenue from its foreign segments that are commonly modeled and observed by analysts on Wall Street.
The company's total revenue for the quarter amounted to $42.34 million, marking a decrease of 45.3% from the year-ago quarter. We will next turn our attention to dissecting CMBM's international revenue to get a clearer picture of how significant its operations are outside its main base.
A Dive into CMBM's International Revenue Trends
Caribbean and Latin America accounted for 11.6% of the company's total revenue during the quarter, translating to $4.89 million. Revenues from this region represented a surprise of +30.45%, with Wall Street analysts collectively expecting $3.75 million. When compared to the preceding quarter and the same quarter in the previous year, Caribbean and Latin America contributed $5.3 million (13.2%) and $3.69 million (4.8%) to the total revenue, respectively.
During the quarter, Asia Pacific contributed $3.99 million in revenue, making up 9.4% of the total revenue. When compared to the consensus estimate of $4.11 million, this meant a surprise of -3.02%. Looking back, Asia Pacific contributed $4.43 million, or 11%, in the previous quarter, and $6.42 million, or 8.3%, in the same quarter of the previous year.
Of the total revenue, $8.41 million came from Europe, Middle East and Africa during the last fiscal quarter, accounting for 19.9%. This represented a surprise of -29.74% as analysts had expected the region to contribute $11.97 million to the total revenue. In comparison, the region contributed $3.42 million, or 8.5%, and $19.71 million, or 25.5%, to total revenue in the previous and year-ago quarters, respectively.
International Market Revenue Projections
For the current fiscal quarter, it is anticipated by Wall Street analysts that Cambium will report a total revenue of $46.38 million, which reflects a decline of 22.1% from the same quarter in the previous year. The revenue contributions are expected to be 12.9% from Caribbean and Latin America ($5.96 million), 11.8% from Asia Pacific ($5.45 million) and 25.5% from Europe, Middle East and Africa ($11.84 million).
For the full year, the company is expected to generate $217.62 million in total revenue, down 1.2% from the previous year. Revenues from Caribbean and Latin America, Asia Pacific and Europe, Middle East and Africa are expected to constitute 11.6% ($25.24 million), 11.7% ($25.46 million) and 27.2% ($59.09 million) of the total, respectively.
Closing Remarks
Relying on international markets for revenues, Cambium faces both prospects and perils. Thus, tracking the company's international revenue trends is essential for accurately projecting its future trajectory.
In a world where international interdependencies and geopolitical conflicts are ever-increasing, Wall Street analysts closely monitor these trends for companies having international presence to adjust their earnings forecasts. Of course, there are several other factors, including a company's standing within its home borders, that influence analysts' earnings forecasts.
At Zacks, we place significant importance on a company's evolving earnings outlook. This is based on empirical evidence demonstrating its strong influence on a stock's short -term price movements. Invariably, there exists a positive relationship -- an upward revision in earnings estimates is typically mirrored by a rise in the stock price.
The Zacks Rank, our proprietary stock rating tool, comes with an externally validated impressive track record. It effectively utilizes shifts in earnings projections to act as a dependable barometer for forecasting short-term stock price trends.
At the moment, Cambium has a Zacks Rank #4 (Sell), signifying that it may underperform the overall market trend in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Examining the Latest Trends in Cambium's Stock Value
The stock has declined by 9.9% over the past month compared to the 2% rise of the Zacks S&P 500 composite. Meanwhile, the Zacks Computer and Technology sector, which includes Cambium, has increased 1.5% during this time frame. Over the past three months, the company's shares have experienced a loss of 23.2% relative to the S&P 500's 5.8% increase. Throughout this period, the sector overall has witnessed a 4.9% increase.