$12.63 Million in Sales Expected for Airgain Inc (AIRG) This Quarter
Wall Street analysts forecast that Airgain Inc (NASDAQ:AIRG) will report sales of $12.63 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Airgain’s earnings. The lowest sales estimate is $12.50 million and the highest is $12.90 million. Airgain also reported sales of $12.63 million during the same quarter last year. The firm is expected to report its next earnings results on Thursday, February 15th.
On average, analysts expect that Airgain will report full-year sales of $12.63 million for the current fiscal year, with estimates ranging from $49.20 million to $49.60 million. For the next financial year, analysts forecast that the firm will post sales of $58.83 million per share, with estimates ranging from $58.40 million to $59.30 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Airgain.
AIRG has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Airgain from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. B. Riley reduced their target price on shares of Airgain from $12.50 to $10.00 and set a “buy” rating for the company in a research note on Friday, November 10th. Finally, Northland Securities reiterated a “buy” rating and issued a $15.00 target price on shares of Airgain in a research note on Friday, November 10th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $16.10.
Shares of Airgain (NASDAQ:AIRG) opened at $9.57 on Monday. The company has a market cap of $91.67, a PE ratio of 34.18 and a beta of 1.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.02 and a quick ratio of 4.95. Airgain has a 12-month low of $7.31 and a 12-month high of $19.90.
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Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.
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