Airgain (NASDAQ:AIRG) Releases Q4 Earnings Guidance

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.

About Airgain

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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