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.
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.
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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