QUANTENNA COMMS (QTNA) Set to Announce Quarterly Earnings on Monday

QUANTENNA COMMS (NASDAQ:QTNA) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. QUANTENNA COMMS has set its Q3 guidance at $0.07-$0.09 EPS.

QUANTENNA COMMS (NASDAQ:QTNA) last issued its earnings results on Monday, August 7th. The technology company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. The business had revenue of $47.10 million for the quarter, compared to analyst estimates of $42.90 million. QUANTENNA COMMS’s revenue for the quarter was up 42.7% compared to the same quarter last year. On average, analysts expect QUANTENNA COMMS to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of QUANTENNA COMMS (NASDAQ:QTNA) opened at $14.86 on Friday. QUANTENNA COMMS has a twelve month low of $13.75 and a twelve month high of $25.45. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.17 and a current ratio of 4.77.

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In other news, Chairman Sam Heidari sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $15.15, for a total transaction of $30,300.00. Following the completion of the transaction, the chairman now owns 70,700 shares in the company, valued at $1,071,105. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sean Sobers sold 4,966 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $19.29, for a total transaction of $95,794.14. The disclosure for this sale can be found here. Insiders have sold 147,599 shares of company stock valued at $2,559,979 in the last 90 days. Insiders own 22.62% of the company’s stock.

QTNA has been the subject of several recent research reports. Barclays PLC lowered their price target on shares of QUANTENNA COMMS from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, August 8th. Zacks Investment Research lowered shares of QUANTENNA COMMS from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Needham & Company LLC restated a “buy” rating on shares of QUANTENNA COMMS in a research report on Tuesday, August 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $23.83.


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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