RTTNews | Oct 22, 2021 10:39AM EDT

10:38 Friday, October 22, 2021 (RTTNews.com) - Shares of wireless networking infrastructure solutions provider Cambium Networks Corporation (CMBM) are down more than 22% on Friday morning after the company lowered its third-quarter revenue outlook due to greater- than-anticipated supply constraints.

Cambium currently expects revenues of about $75 million compared to the previous outlook of $88 million-$92 million provided earlier. Analysts polled by Thomson Reuters expect the company to report revenue of $90.43 million.

The company said it expects the supply constrains impacting shipments of products to continue into the first half of calendar 2022.

Cambium is expected to report third quarter results on Nov. 4, 2021.

CMBM, currently at $27.89, has traded in the range of $20.03- $66.40 in the last one year.

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