Today’s charts appear to be correcting for the shares of Cambium Networks Corporation (NASDAQ: CMBM). CMBM’s stock was down -8.78% to $2.03 as of this morning’s most recent check. That came after the company’s earnings report release date was made public yesterday, which resulted in a noticeable rise.
The stock increased to a high of $2.50 during the Thursday session before closing at $2.22. The date for CMBM to release its financial results for the second quarter of 2024—which ended on June 30—is Thursday, August 8, 2024.
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Improved Partner Channel Initiative
Significant investments in Cambium Networks’ ConnectedPartner channel initiative were recently revealed. The objective of this effort is to furnish its Enterprise partners, who comprise Managed Wi-Fi Service Providers, Value Added Resellers, and System Integrators, with improved value and tools.
The Elite partner level, which offers a number of additional perks intended to speed development, reduce risks, and boost sales velocity, is a noteworthy addition to the revamped program.
The ONE Network platform from Cambium Networks, which makes it easier to manage Wi-Fi network edge technologies and wired and wireless broadband, is the foundation of this effort. This enables network operators to focus more of their resources on their main business activities rather than network administration, whether they are managed service providers or end users.
Key Benefits and Commitments
The revamped channel program addresses critical concerns of enterprise partners, such as generating new revenue opportunities, combating margin erosion, and enhancing the capacity of skilled network teams. Among the key benefits for top-tier partners are higher margins, achieved through increased discounts associated with their tier level and aggressive specialty program discounts.
Additionally, the program offers joint marketing and market development funds to enhance visibility and business opportunities. Competition from other partners working on the same project is reduced with deal registration clearance.
Exclusive lifecycle support for Elite managed Wi-Fi partners ensures continuous service and customer satisfaction. Top-tier partners also receive priority access to leads directly from Cambium Networks, fostering new business opportunities.
Cambium Networks is dedicated to empowering its partners with the necessary tools and resources to succeed in a competitive market. The enhanced ConnectedPartner program, with streamlined access to benefits and reduced Enterprise Wi-Fi thresholds for advancing tiers, is designed to facilitate quicker and easier realization of these advantages.
