CMBM INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC announces that Cambium Networks Corporation investors who have suffered substantial losses have the opportunity to pursue a class action lawsuit!

NEW YORK, May 29, 2024 /PRNewswire/ — Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Cambium Networks Corporation (“Cambium” or “the Company”). (NASDAQ: CMBM) and certain of its officers.

Class definition:

This lawsuit seeks to recover damages against defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired securities of Cambium between May 8, 2023 and January 18 2024 inclusive (the “Class Period”). These investors are encouraged to join this deal by visiting the company’s website: bgandg.com/CMBM.

Case details:

The complaint filed in this class action alleges that throughout the Class Period, defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the business, the operations and prospects of the Company. Specifically, the Complaint alleges that Defendants failed to disclose to investors that: (1) 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 high channel inventories; (3) that the Company’s revenues would decline sequentially until excess channel inventory was sold; (4) that Cambium was likely to incur significant charges to write down excess and obsolete inventory; (5) that, as a result of the foregoing, the Company’s revenues and profits for fiscal year 2023 would be adversely affected; and (6) that as a result of the foregoing, Defendants’ positive statements regarding the Company’s business, operations and prospects were materially misleading and/or lacked a reasonable basis.

And after?

A class action lawsuit has already been filed. If you would like to view a copy of the complaint, you may visit the firm’s website: bgandg.com/CMBM or contact Peretz Bronstein, Esq. or its Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss at Cambium, you have until July 22, 2024 to ask the Court to appoint you as lead plaintiff. Your ability to participate in any recovery does not require that you be the lead plaintiff.

There is no cost to you

We represent investors in class actions on a contingency fee basis. This means that we will ask the court to reimburse us for out-of-pocket expenses and attorney’s fees, usually a percentage of the total recovery, only if we win our case.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm representing investors in securities fraud class actions and shareholder derivative lawsuits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Lawyer advertising. Previous results do not guarantee similar results.

Contact:

Bronstein, Gewirtz & Grossman, LLC

Peretz Bronstein or Nathan Miller

332-239-2660 | [email protected]

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SOURCE Bronstein, Gewirtz & Grossman, LLC