Airgain Inc (AIRG) Posts Quarterly Earnings Results, Beats Estimates By $0.17 EPS
Airgain Inc (NASDAQ:AIRG) issued its earnings results on Thursday. The company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.17. The company had revenue of $12.40 million for the quarter, compared to analyst estimates of $9.65 million. The company’s revenue for the quarter was up 85.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.05) earnings per share.
Airgain (NASDAQ:AIRG) opened at 14.28 on Friday. The company has a 50-day moving average price of $14.08 and a 200-day moving average price of $13.60. The firm’s market capitalization is $105.19 million. Airgain has a 12-month low of $9.76 and a 12-month high of $16.94.
A hedge fund recently bought a new stake in Airgain stock. Spark Investment Management LLC bought a new position in shares of Airgain Inc (NASDAQ:AIRG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 158,400 shares of the company’s stock, valued at approximately $2,496,000. Spark Investment Management LLC owned about 2.15% of Airgain as of its most recent SEC filing.
Several research analysts have recently weighed in on AIRG shares. Northland Securities boosted their target price on Airgain from $15.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, September 23rd. Wunderlich cut Airgain from a “buy” rating to a “hold” rating and set a $14.00 target price on the stock. in a report on Wednesday, September 21st. Finally, Zacks Investment Research upgraded Airgain from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Tuesday.
Airgain, Inc is a provider of embedded antenna technologies used to enable high performance wireless networking. The Company’s operations are located primarily in the United States, and most of its assets are located in San Diego, California. It operates through a segment related to the sale of antenna products.
Receive News & Stock Ratings for Airgain Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airgain Inc and related stocks with our FREE daily email newsletter.