Brokerages expect Quantenna Comms (NASDAQ:QTNA) to announce earnings of $0.08 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Quantenna Comms’ earnings, with the highest EPS estimate coming in at $0.08 and the lowest estimate coming in at $0.07. The business is scheduled to issue its next quarterly earnings report after the market closes on Monday, November 6th.
Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Quantenna Comms.
Quantenna Comms (NASDAQ:QTNA) last released its quarterly earnings data on Monday, August 7th. The technology company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $47.10 million during the quarter, compared to the consensus estimate of $42.90 million. The business’s quarterly revenue was up 42.7% compared to the same quarter last year.
Several analysts have commented on the stock. Zacks Investment Research cut shares of Quantenna Comms from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Barclays PLC reiterated an “overweight” rating on shares of Quantenna Comms in a research report on Friday, July 21st. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Quantenna Comms in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Quantenna Comms currently has a consensus rating of “Buy” and a consensus price target of $23.83.
In related news, SVP Lionel Bonnot sold 9,700 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $18.84, for a total value of $182,748.00. Following the completion of the sale, the senior vice president now owns 28,600 shares in the company, valued at approximately $538,824. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP David William Carroll sold 7,000 shares of the company’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $16.96, for a total transaction of $118,720.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,099 shares of company stock valued at $2,415,004. 22.62% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in shares of Quantenna Comms by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 60,662 shares of the technology company’s stock valued at $1,153,000 after buying an additional 2,035 shares in the last quarter. Creative Planning bought a new stake in shares of Quantenna Comms in the 2nd quarter valued at $102,000. Pier Capital LLC increased its position in shares of Quantenna Comms by 2.8% in the 2nd quarter. Pier Capital LLC now owns 216,656 shares of the technology company’s stock valued at $4,116,000 after buying an additional 5,968 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of Quantenna Comms by 537.5% in the 2nd quarter. Nationwide Fund Advisors now owns 11,973 shares of the technology company’s stock valued at $227,000 after buying an additional 10,095 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Quantenna Comms by 326.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,784 shares of the technology company’s stock valued at $337,000 after buying an additional 13,612 shares in the last quarter. Institutional investors and hedge funds own 38.48% of the company’s stock.
About Quantenna Comms
Quantenna Communications, Inc is engaged in the design, development and marketing of wireless communication solutions enabling wireless local area networking. The Company’s solutions are designed to deliver wireless fidelity (Wi-Fi) performance to support various connected devices accessing a pool of digital content.
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