We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Airgain (AIRG) Soars 8.0%: Is Further Upside Left in the Stock?
Read MoreHide Full Article
Airgain (AIRG - Free Report) shares ended the last trading session 8% higher at $5.15. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.8% loss over the past four weeks.
The uptrend was likely driven by two back-to-back multi-million-dollar deals secured by Airgain. These include a $4 million contract for Airgain’s IoT solutions for large scale field installations and a multi-million-dollar opportunity for cellular modems to enable wireless connectivity across Coco Robotics’ next generation of delivery robots.
The company’s IoT business continues to expand across a wide range of connected applications, including digital signage, EV charging, payments, industrial automation, and autonomous robotics. This underscores the growing role of IoT enabled robotics in connected commerce and highlights Airgain’s expanding presence in next-generation automation and mobility markets.
This antenna products developer is expected to post quarterly loss of $0.08 per share in its upcoming report, which represents a year-over-year change of +27.3%. Revenues are expected to be $11.45 million, down 4.7% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Airgain, the consensus EPS estimate for the quarter has been revised 16% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on AIRG going forward to see if this recent jump can turn into more strength down the road.
Airgain belongs to the Zacks Communication - Components industry. Another stock from the same industry, NETGEAR, Inc. (NTGR - Free Report) , closed the last trading session 5.9% higher at $22.06. Over the past month, NTGR has returned -0.1%.
For NETGEAR, the consensus EPS estimate for the upcoming report has changed -30.1% over the past month to -$0.08. This represents a change of -500% from what the company reported a year ago. NETGEAR currently has a Zacks Rank of #3 (Hold).
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Airgain (AIRG) Soars 8.0%: Is Further Upside Left in the Stock?
Airgain (AIRG - Free Report) shares ended the last trading session 8% higher at $5.15. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.8% loss over the past four weeks.
The uptrend was likely driven by two back-to-back multi-million-dollar deals secured by Airgain. These include a $4 million contract for Airgain’s IoT solutions for large scale field installations and a multi-million-dollar opportunity for cellular modems to enable wireless connectivity across Coco Robotics’ next generation of delivery robots.
The company’s IoT business continues to expand across a wide range of connected applications, including digital signage, EV charging, payments, industrial automation, and autonomous robotics. This underscores the growing role of IoT enabled robotics in connected commerce and highlights Airgain’s expanding presence in next-generation automation and mobility markets.
This antenna products developer is expected to post quarterly loss of $0.08 per share in its upcoming report, which represents a year-over-year change of +27.3%. Revenues are expected to be $11.45 million, down 4.7% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Airgain, the consensus EPS estimate for the quarter has been revised 16% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on AIRG going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Airgain belongs to the Zacks Communication - Components industry. Another stock from the same industry, NETGEAR, Inc. (NTGR - Free Report) , closed the last trading session 5.9% higher at $22.06. Over the past month, NTGR has returned -0.1%.
For NETGEAR, the consensus EPS estimate for the upcoming report has changed -30.1% over the past month to -$0.08. This represents a change of -500% from what the company reported a year ago. NETGEAR currently has a Zacks Rank of #3 (Hold).