Northland Securities Reaffirms Their Buy Rating on Airgain (AIRG)

In a report released today, Gus Richard from Northland Securities maintained a Buy rating on Airgain (AIRGResearch Report), with a price target of $23.00. The company’s shares closed last Wednesday at $13.45, close to its 52-week high of $14.96.

According to TipRanks.com, Richard is a top 100 analyst with an average return of 29.9% and a 74.3% success rate. Richard covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Power Integrations, and Himax Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Airgain with a $23.00 average price target.

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Based on Airgain’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $13.01 million and GAAP net loss of $261K. In comparison, last year the company earned revenue of $13.14 million and had a GAAP net loss of $135K.

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Airgain, Inc. provides embedded antenna products, integration support and test services. The firm works in partnership with the entire ecosystem, including carriers, chipset suppliers, OEMs, and ODMs. Its products include embedded, external and carrier-class antennas. The company offers custom antenna design and performance validation services. Its antennas are deployed in carrier, fleet, enterprise, residential, private, government, and public safety wireless networks and systems, including set-top boxes, access points, routers, modems, gateways, media adapters, and asset tracking devices. The company was founded in 2003 and is headquartered in San Diego, CA.