Airgain (AIRG) Issues Q3 Earnings Guidance
Airgain (NASDAQ:AIRG) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.03-0.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.02. The company issued revenue guidance of $15.6 -15.8 million, compared to the consensus revenue estimate of $15.65 million.
Shares of Airgain traded up $0.60, reaching $9.65, on Thursday, MarketBeat.com reports. 63,220 shares of the stock were exchanged, compared to its average volume of 58,429. Airgain has a one year low of $7.31 and a one year high of $11.47. The company has a market cap of $87.66 million, a PE ratio of 87.73 and a beta of 2.04.
AIRG has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Airgain from a hold rating to a sell rating in a report on Friday, May 4th. ValuEngine downgraded shares of Airgain from a hold rating to a sell rating in a report on Wednesday, May 2nd. Finally, TheStreet raised shares of Airgain from a d+ rating to a c- rating in a report on Monday, July 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Airgain has a consensus rating of Hold and an average target price of $13.50.
Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, and service providers worldwide. Its products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; omnimax high performance external antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and M2M antennas.
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