Airspan Networks Holdings Inc. (NYSE:MIMO) Expected to Announce Quarterly Sales of $38.10 Million

Wall Street analysts forecast that Airspan Networks Holdings Inc. (NYSE:MIMOGet Rating) will post sales of $38.10 million for the current quarter, Zacks reports. Three analysts have made estimates for Airspan Networks’ earnings, with the lowest sales estimate coming in at $38.00 million and the highest estimate coming in at $38.30 million. The firm is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Airspan Networks will report full-year sales of $200.70 million for the current year, with estimates ranging from $199.00 million to $203.80 million. For the next financial year, analysts forecast that the firm will report sales of $238.80 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that follow Airspan Networks.

Airspan Networks (NYSE:MIMOGet Rating) last issued its earnings results on Monday, April 11th. The company reported ($0.26) earnings per share for the quarter. The business had revenue of $50.38 million during the quarter.

A number of research analysts have recently commented on MIMO shares. Jefferies Financial Group lowered Airspan Networks from a “buy” rating to a “hold” rating and lowered their price target for the company from $9.00 to $4.75 in a report on Friday, March 25th. Northland Securities lowered their price target on Airspan Networks from $10.00 to $5.00 in a report on Wednesday, April 13th. Barrington Research reissued an “outperform” rating and set a $6.00 price target on shares of Airspan Networks in a report on Thursday. Finally, Zacks Investment Research raised Airspan Networks from a “sell” rating to a “hold” rating in a report on Wednesday, May 4th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northern Trust Corp raised its stake in shares of Airspan Networks by 13.4% during the 1st quarter. Northern Trust Corp now owns 53,929 shares of the company’s stock worth $157,000 after purchasing an additional 6,369 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in shares of Airspan Networks during the 1st quarter worth about $49,000. State Street Corp bought a new position in shares of Airspan Networks in the 4th quarter valued at approximately $51,000. Geode Capital Management LLC bought a new position in shares of Airspan Networks in the 4th quarter valued at approximately $801,000. Finally, Renaissance Technologies LLC bought a new position in shares of Airspan Networks in the 4th quarter valued at approximately $218,000. 68.46% of the stock is owned by institutional investors.

Shares of MIMO traded up $0.15 during trading hours on Monday, reaching $2.43. 18,198 shares of the company’s stock traded hands, compared to its average volume of 55,802. Airspan Networks has a twelve month low of $2.20 and a twelve month high of $14.41. The business’s fifty day simple moving average is $2.90 and its two-hundred day simple moving average is $4.08.

Airspan Networks Company Profile (Get Rating)

Airspan Networks Holdings Inc provides 5G end-to-end, 4G, open RAN, and fixed wireless access hardware and software worldwide. It offers a range of 4G and 5G network build and network densification products with a portfolio of software and hardware tools for indoor and outdoor, compact femto, pico, micro, and macro base stations, as well as fixed wireless access and backhaul solutions portfolio for point-to-point and point-to-multipoint applications.

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Earnings History and Estimates for Airspan Networks (NYSE:MIMO)

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