Airgain Inc (AIRG) Releases Earnings Results, Beats Expectations By $0.16 EPS
Airgain Inc (NASDAQ:AIRG) released its quarterly earnings data on Tuesday. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.16. The business earned $9.86 million during the quarter. The business’s revenue was up 62.7% compared to the same quarter last year.
Airgain (NASDAQ:AIRG) opened at 16.05 on Thursday. Airgain has a 1-year low of $9.76 and a 1-year high of $16.91. The firm’s 50-day moving average price is $12.80 and its 200-day moving average price is $12.80. The firm’s market capitalization is $116.15 million.
A number of research analysts recently commented on the company. Wunderlich cut Airgain from a “buy” rating to a “hold” rating and set a $14.00 price objective on the stock. in a report on Wednesday. Northland Securities assumed coverage on Airgain in a report on Tuesday, September 6th. They issued an “outperform” rating and a $15.00 price objective on the stock.
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.
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