Streetbeat News

AIRG

Airgain, Inc.

https://www.airgain.com

Industry

Communication Equipment

Airgain, Inc. designs, develops, and engineers antenna products for original equipment and design manufacturers, vertical markets, chipset vendors, service providers, value-added resellers and software developers worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; SmartMax embedded antennas; and MaxBeam carrier class antennas, as well as automotive, fleet, public safety, and machine-to-machine antennas under the Antenna Plus brand. It provides embedded antenna technologies to enable high performance wireless networking in a range of devices and markets, including consumer, enterprise, and automotive. The company was formerly known as AM Group and changed its name to Airgain, Inc. in 2004. Airgain, Inc. was incorporated in 1995 and is headquartered in San Diego, California.

Open

9.38

Mkt cap

108M

Volume

23K

High

9.72

P/E Ratio

-8.20

52-wk high

9.75

Low

9.32

Div yield

N/A

52-wk low

1.63

Airgain forecasts its Q2 2024 sales to be between $14.25M and $15.75M, surpassing the estimated $14.65M.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:17 pm

Airgain (NASDAQ:AIRG) reported Q1 2024 earnings with an adjusted EPS of $(0.08), missing the $(0.07) estimate, and sales of $14.231M, beating the $13.950M estimate. This represents a 14.29% miss on EPS and a 2.01% beat on sales estimates, with a 13.46% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:27 pm

Digi International announced that the U.S. District Court for the District of Minnesota found all patent claims asserted by Nimbelink Corporation against the company to be invalid. This legal victory removes a significant potential liability for Digi International, potentially improving its market position and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:22 pm

Airgain, Inc. (NASDAQ:AIRG) has entered into an agreement with Mouser Electronics to distribute its wireless and IoT products globally. This partnership aims to make Airgain's innovative products, such as NimbeLink embedded modems and antennas, more accessible to design engineers worldwide. The collaboration is expected to expand Airgain's reach and provide design engineers with more resources during the design and testing phases.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:09 pm

Airgain has entered into a global distribution agreement with Techship for the NimbeLink family of plug-in cellular modems. This partnership aims to support OEMs in designing and producing connected devices by providing global distribution of Airgain's cellular modems.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 1:01 pm

Northland Capital Markets analyst Gus Richard maintains an Outperform rating on Airgain (NASDAQ:AIRG) and raises the price target from $4 to $6.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:08 pm

Airgain announced on March 6 that it has entered into an at-the-market issuance sales agreement with Craig-Hallum to sell shares of its common stock, with an aggregate offering price of up to $5 million.

Portfolio Pulse from Charles Gross

March 07, 2024 | 11:07 am

Airgain anticipates Q1 sales to be between $13.3M-$14.7M, surpassing the estimated $11.933M. The company also expects an adjusted EPS loss of $(0.06) at the midpoint, which is better than the estimated loss of $(0.14).

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 10:51 pm

Airgain (NASDAQ:AIRG) reported Q4 earnings with an EPS of $-0.33, missing estimates by -65.0% and showing a revenue decrease of $9.82 million from the previous year. The company's past earnings performance shows a pattern of missed EPS estimates leading to significant share price drops.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 9:45 pm

Airgain (NASDAQ:AIRG) reported Q4 2023 adjusted EPS of $(0.33), missing the $(0.20) estimate, while sales of $10.07M exceeded the $10.00M estimate. This represents a 49.37% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:41 pm

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