Airgain (NASDAQ:AIRG) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.04-$0.05 for the period, compared to the Thomson Reuters consensus estimate of $0.04. The company issued revenue guidance of $13.0-$13.5 million, compared to the consensus revenue estimate of $14.20 million.
NASDAQ:AIRG traded up $0.04 during mid-day trading on Thursday, hitting $11.22. 61,000 shares of the company traded hands, compared to its average volume of 93,009. The stock’s fifty day moving average price is $11.20 and its 200-day moving average price is $12.87. Airgain has a one year low of $8.81 and a one year high of $17.25. The firm has a market cap of $110.07 million, a price-to-earnings ratio of -41.56 and a beta of 1.98.
Airgain (NASDAQ:AIRG) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.11. The firm had revenue of $14.50 million during the quarter, compared to analyst estimates of $14.30 million. Airgain had a return on equity of 5.94% and a net margin of 4.38%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.02 earnings per share. As a group, equities research analysts expect that Airgain will post 0.04 EPS for the current fiscal year.
AIRG has been the subject of a number of recent analyst reports. Cowen reaffirmed an outperform rating and issued a $14.00 price objective (down previously from $16.00) on shares of Airgain in a research note on Friday, August 9th. ValuEngine raised Airgain from a hold rating to a buy rating in a research note on Thursday, October 31st. Finally, Zacks Investment Research lowered Airgain from a buy rating to a hold rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $17.25.
Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, service providers, and value added resellers and distributors 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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