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.

In related news, VP Jacob Suen acquired 10,000 shares of the stock in a transaction that occurred on Friday, May 11th. The stock was acquired at an average cost of $8.20 per share, for a total transaction of $82,000.00. Following the transaction, the vice president now directly owns 20,000 shares in the company, valued at $164,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.40% of the stock is owned by corporate insiders.

About Airgain

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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