Airspan Networks (NYSE:MIMO) Stock Rating Upgraded by Zacks Investment Research

Airspan Networks (NYSE:MIMOGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Airspan Networks Holdings Inc. is a provider of groundbreaking, disruptive software and hardware for 5G networks and a pioneer in end-to-end Open RAN solutions which provide interoperability with other vendors. Airspan Networks Holdings Inc., formerly known as New Beginnings Acquisition Corp., is based in BOCA RATON, Fla. “

MIMO has been the subject of a number of other reports. Northland Securities decreased their price target on Airspan Networks from $10.00 to $5.00 in a report on Wednesday, April 13th. Jefferies Financial Group cut shares of Airspan Networks from a “buy” rating to a “hold” rating and decreased their target price for the company from $9.00 to $4.75 in a research note on Friday, March 25th. Finally, Barrington Research cut their price objective on shares of Airspan Networks from $9.00 to $7.00 in a report on Wednesday, April 13th.

NYSE:MIMO opened at $2.67 on Wednesday. The business has a fifty day simple moving average of $3.16. Airspan Networks has a 1-year low of $2.35 and a 1-year high of $14.41.

Airspan Networks (NYSE:MIMOGet Rating) last announced its quarterly 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. Research analysts forecast that Airspan Networks will post -0.74 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp acquired a new position in shares of Airspan Networks during the 4th quarter worth about $51,000. Geode Capital Management LLC acquired a new position in shares of Airspan Networks during the fourth quarter valued at approximately $801,000. Renaissance Technologies LLC purchased a new position in shares of Airspan Networks in the fourth quarter valued at approximately $218,000. Wolverine Asset Management LLC boosted its stake in shares of Airspan Networks by 214.7% in the fourth quarter. Wolverine Asset Management LLC now owns 9,261 shares of the company’s stock worth $35,000 after acquiring an additional 6,318 shares during the last quarter. Finally, Northern Trust Corp purchased a new stake in shares of Airspan Networks during the fourth quarter worth approximately $180,000. 68.46% of the stock is owned by institutional investors.

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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