Research Analysts Set Expectations for Airspan Networks Holdings Inc.’s Q3 2022 Earnings (NYSE:MIMO)

Airspan Networks Holdings Inc. (NYSE:MIMO – Get Rating) – Investment analysts at Barrington Research issued their Q3 2022 earnings per share estimates for Airspan Networks in a research note issued on Wednesday, October 5th. Barrington Research analyst A. Paris expects that the company will earn ($0.20) per share for the quarter. Barrington Research has an “Outperform” rating on the stock. The consensus estimate for Airspan Networks’ current full-year earnings is ($1.08) per share. Barrington Research also issued estimates for Airspan Networks’ Q4 2022 earnings at ($0.09) EPS, FY2022 earnings at ($0.99) EPS and FY2023 earnings at ($0.34) EPS.

Airspan Networks (NYSE:MIMO – Get Rating) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.12. The firm had revenue of $46.95 million during the quarter, compared to the consensus estimate of $46.17 million.

Airspan Networks Trading Up 5.5%

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MIMO opened at $2.30 on Monday. The stock has a fifty day simple moving average of $2.61 and a two-hundred day simple moving average of $2.80. The company has a market cap of $166.37 million, a price-to-earnings ratio of -1.67 and a beta of 0.38. Airspan Networks has a 12-month low of $1.82 and a 12-month high of $8.00.

Institutional Investors Weigh In On Airspan Networks

Several institutional investors have recently modified their holdings of MIMO. Charles Schwab Investment Management Inc. purchased a new stake in shares of Airspan Networks during the first quarter valued at $49,000. Northern Trust Corp lifted its holdings in Airspan Networks by 13.4% in the first quarter. Northern Trust Corp now owns 53,929 shares of the company’s stock valued at $157,000 after acquiring an additional 6,369 shares during the period. Finally, State Street Corp lifted its holdings in Airspan Networks by 323.3% in the first quarter. State Street Corp now owns 57,140 shares of the company’s stock valued at $166,000 after acquiring an additional 43,640 shares during the period. 68.05% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Airspan Networks

In other news, CFO David Mark Elias Brant sold 11,188 shares of the stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $2.59, for a total value of $28,976.92. Following the sale, the chief financial officer now directly owns 678,533 shares of the company’s stock, valued at $1,757,400.47. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 24,225 shares of company stock valued at $67,506. Insiders own 47.30% of the company’s stock.

About Airspan Networks

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Airspan Networks Holdings Inc designs and produces wireless network equipment for 4G and 5G networks for mainstream public telecommunications service providers and private network implementations. 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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