Airgain Inc (AIRG) Downgraded by Wunderlich to “Hold”
“Kevin Can Wait” And “The Good Place””We expect similar applications to drive the current quarter, but with sequential volume decline associated with summer seasonality and IPO expenses burdening G&A,” analyst Matthew Robison wrote in a note.”Longer-term, we expect Airgain to grow revenue faster than peers and expenses and achieve this growth with higher gross margins than many in the broader peer group. We model 3–5 year income grow that 28 percent with present value implication defining our target,,” the firm’s analyst commented.
Separately, Northland Securities initiated coverage on Airgain in a report on Tuesday, September 6th. They issued an outperform rating and a $15.00 target price on the stock.
Shares of Airgain (NASDAQ:AIRG) traded up 3.4337% during midday trading on Wednesday, reaching $16.6011. The company’s stock had a trading volume of 92,190 shares. The firm’s 50 day moving average is $12.80 and its 200 day moving average is $12.80. Airgain has a 52 week low of $9.76 and a 52 week high of $16.91. The firm’s market capitalization is $120.14 million.
Airgain (NASDAQ:AIRG) last posted its quarterly earnings data on Tuesday, September 20th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.16. The business had revenue of $9.86 million for the quarter. The business’s revenue was up 62.7% on a year-over-year basis. Equities analysts forecast that Airgain will post $0.27 EPS for the current fiscal year.
Airgain, Inc is a provider of embedded antenna technologies used to enable high performance wireless networking. The Company’s operations are located primarily in the United States, and most of its assets are located in San Diego, California. It operates through a segment related to the sale of antenna products.
Receive News & Ratings for Airgain Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airgain Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.