Derekng
2021-06-15
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Airgain (AIRG) Moves 12.2% Higher: Will This Strength Last?
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The move was back","content":"<p>Airgain (AIRG) shares soared 12.2% in the last trading session to close at $21.66. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 3.5% gain over the past four weeks.</p>\n<p>AIRG’s rally is driven by optimism over the increased deployment of its latest game-changing platform, AirgainConnect, across various industry verticals. Moreover, the acquisition of NimbeLink acts as a major tailwind in augmenting its reach in the industrial IoT market. Robust demand environment across consumer, enterprise and automotive markets is a driving factor as well.</p>\n<p>Markedly, the company is focused on leveraging its diverse product line to address specific requirements of connectivity within government organizations and public safety agencies. This is expected to strengthen Airgain’s footprint in the public sector while providing an opportunity to tap strategic alliances with industry leaders in the long run. All these factors are likely to drive its growth momentum in 2021.</p>\n<p>This antenna products developer is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of +100%. Revenues are expected to be $18.36 million, up 60.4% from the year-ago quarter.</p>\n<p>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.</p>\n<p>For Airgain, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. 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The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/airgain-airg-moves-12-2-062606371.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AIRG":"Airgain Inc"},"source_url":"https://finance.yahoo.com/news/airgain-airg-moves-12-2-062606371.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2143975821","content_text":"Airgain (AIRG) shares soared 12.2% in the last trading session to close at $21.66. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 3.5% gain over the past four weeks.\nAIRG’s rally is driven by optimism over the increased deployment of its latest game-changing platform, AirgainConnect, across various industry verticals. Moreover, the acquisition of NimbeLink acts as a major tailwind in augmenting its reach in the industrial IoT market. Robust demand environment across consumer, enterprise and automotive markets is a driving factor as well.\nMarkedly, the company is focused on leveraging its diverse product line to address specific requirements of connectivity within government organizations and public safety agencies. This is expected to strengthen Airgain’s footprint in the public sector while providing an opportunity to tap strategic alliances with industry leaders in the long run. All these factors are likely to drive its growth momentum in 2021.\nThis antenna products developer is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of +100%. 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