Press coverage about Airgain (NASDAQ:AIRG) has trended somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Airgain earned a news impact score of 0.22 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.4865146962171 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Airgain’s (AIRG) CEO James Sims on Q2 2018 Results – Earnings Call Transcript (seekingalpha.com)
- Airgain +18.6% on Q2 beats, analyst upgrade (seekingalpha.com)
- Airgain (AIRG) Receives “Outperform” Rating from William Blair (americanbankingnews.com)
- Airgain (AIRG) Upgraded to Buy by B. Riley (americanbankingnews.com)
- Airgain beats by $0.07, beats on revenue (seekingalpha.com)
NASDAQ:AIRG traded up $1.73 during mid-day trading on Friday, hitting $11.38. The stock had a trading volume of 387,078 shares, compared to its average volume of 43,727. The stock has a market cap of $93.32 million, a price-to-earnings ratio of 103.45 and a beta of 2.04. Airgain has a twelve month low of $7.31 and a twelve month high of $11.50.
Airgain (NASDAQ:AIRG) last issued its earnings results on Thursday, August 9th. The technology company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.07. The firm had revenue of $15.00 million for the quarter, compared to analysts’ expectations of $14.02 million. Airgain had a negative net margin of 6.48% and a negative return on equity of 7.36%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. research analysts predict that Airgain will post -0.19 EPS for the current fiscal year.
Several research firms have recently commented on AIRG. ValuEngine raised shares of Airgain from a “hold” rating to a “buy” rating in a research note on Friday. TheStreet raised shares of Airgain from a “d+” rating to a “c-” rating in a research note on Monday, July 9th. B. Riley raised shares of Airgain from a “neutral” rating to a “buy” rating and raised their price objective for the company from $8.50 to $13.00 in a research note on Friday. William Blair began coverage on shares of Airgain in a research note on Friday. They issued an “outperform” rating for the company. Finally, Zacks Investment Research raised shares of Airgain from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $12.67.
Airgain Company Profile
Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, and service providers 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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