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this post was submitted on 04 Aug 2023
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Asklemmy
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Cambium stock recently dropped to $10 after the CEO stepped down during their call. A large part of their problems are likely due to the pandemic shortages catching up.
But a high failure rate on their new line of switches, and high prices while starlink eats their lunch isn't helping.
Edit: Used to be over $50.
you may want mention the before stock price, that $10 needs something to compare with
It was around $15.
It was around 50.
It was $50 in 2021.
The CEO stepped down 4 days ago when the stock was at $15, as a consequence it lost one third of its value and is now at $10.