AIRG added to watch list -> $20+ target
I like way chart is setting up, and I think $20 is not just doable, but possibly way low...i could totally see $25 to $30 here. Next week could be exciting...load up!!
Airgain (AIRG) Added to 'Watch List' Along with Hammer Fiber (HMMR)
Date: September 15, 2016 7:25 AM EDT
(NEW YORK)--Airgain, Inc. (Nasdaq:AIRG), a leading provider of embedded antenna technologies used to enable high performance wireless networking, was addded to watch list as broadband wireless play that may offer short term upside in near future.
Ludlow Research, a small cap equity research firm based in new York City, announced it has added Airgain (AIRG) to its broadband 'watch list' as company plans to announce second quarter results next week.
AIRG is expected to hold conference call on Tuesday, Sept. 20th at 4:30 EDT to discuss second quarter results.
Ludlow Research noted in comment to subscribers that AIRG rise to $13 since IPO, and recent consolidation over the past two weeks, may set the stage for rally to $20+ in near term on any potential bullish outlook on earnings call. For this reason Ludlow Research has added Airgain (AIRG) on 'watch' along with Hammer Fiber Optics (OTCMRKT:HMMR) as players within the broadband 'wireless fiber' delivery sector.
AIRG is a leading provider of embedded antenna technologies used to enable high performance wireless networking across a broad range of home, enterprise, and industrial devices. Their antennas are found in devices deployed in carrier, enterprise, and residential wireless networks and systems, including set top boxes, access points, routers, gateways, media adapters, digital televisions, and Internet of things (IOT) devices.
Airgain partners with and supplies the largest blue chip brands in the world, including original equipment and design manufacturers, chipset makers, and global operators. Airgain is headquartered in San Diego, California, and maintains design and test centers in San Diego, Cambridge, UK, Taipei, Taiwan, and Suzhou, China.
Move to Wireless Fiber Delivery
In June, Alphabet chairman Eric Schmidt told investors that the company would be testing the concept of delivering wireless internet to homes in Kansas City, Mo., the first market to receive Google Fiber. A Wall Street Journal story on August 15 stated Google says it hopes to go wireless in markets such as Chicago, Los Angeles, and Dallas, and has suspended the physical deployment of the network in Portland, Ore., and San Jose, California most likely due to the high deployment costs.
Up till now, Fiber has provided low-cost, high-speed internet access through physical infrastructure in the areas it serves, but the labor-intensive process of digging up streets and laying cable was taking longer and costing more money than the Company had expected. The solution? Wireless fiber!
This could be very bullish for a stock like Airgain, as their embedded antenna technologies could be what is need to deliver that wireless broadband for last mile delivery directly into individual homes and local neighborhoods.
HMMR recently leased 28 GHz wireless spectrum from Straight Path Communications Inc. for use in its broadband wireless network for the New Jersey shore, and now plans to install clusters of ten towers that will serve the area to solve the issue of 'last mile' broadband delivery in the fourth quarter.
As more networks switch to "wireless fiber" to deliver broadband services in the last mile of their networks, stocks like Airgain (AIRG) and Hammer Fiber (HMMR), may be perfectly positioned for this new standard of broadband wireless fiber delivery going forward.
