Zacks: Analysts Expect Quantenna Communications Inc (QTNA) Will Post Earnings of -$0.03 Per Share

Equities research analysts forecast that Quantenna Communications Inc (NASDAQ:QTNA) will report earnings per share (EPS) of ($0.03) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Quantenna Communications’ earnings. The lowest EPS estimate is ($0.03) and the highest is ($0.02). Quantenna Communications posted earnings per share of $0.03 during the same quarter last year, which suggests a negative year over year growth rate of 200%. The company is scheduled to announce its next earnings report on Monday, February 12th.

Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Quantenna Communications.

QTNA has been the subject of several research reports. Zacks Investment Research lowered shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Needham & Company LLC decreased their price target on shares of Quantenna Communications from $26.00 to $20.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 7th. Barclays lowered shares of Quantenna Communications to an “equal weight” rating in a research note on Tuesday, November 7th. Roth Capital decreased their price target on shares of Quantenna Communications from $27.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Finally, ValuEngine lowered shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $20.00.

Shares of Quantenna Communications (NASDAQ QTNA) traded down $0.17 during trading on Wednesday, hitting $11.32. 251,400 shares of the company traded hands, compared to its average volume of 342,144. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.51 and a current ratio of 4.06. The company has a market cap of $392.01 and a price-to-earnings ratio of 226.40. Quantenna Communications has a 52 week low of $9.60 and a 52 week high of $25.45.

In related news, Chairman Sam Heidari sold 2,000 shares of the 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 sale, the chairman now directly owns 70,700 shares of the company’s stock, valued at approximately $1,071,105. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Lionel Bonnot sold 5,500 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $10.72, for a total transaction of $58,960.00. Following the sale, the senior vice president now directly owns 22,684 shares in the company, valued at $243,172.48. The disclosure for this sale can be found here. Insiders have sold a total of 80,699 shares of company stock worth $1,199,739 over the last three months. 22.62% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors boosted its holdings in shares of Quantenna Communications by 537.5% during the 2nd quarter. Nationwide Fund Advisors now owns 11,973 shares of the technology company’s stock valued at $227,000 after acquiring an additional 10,095 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Quantenna Communications during the 3rd quarter valued at about $227,000. Swiss National Bank purchased a new stake in shares of Quantenna Communications during the 2nd quarter valued at about $262,000. Brown Advisory Inc. purchased a new stake in shares of Quantenna Communications during the 3rd quarter valued at about $333,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Quantenna Communications by 326.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,784 shares of the technology company’s stock valued at $337,000 after acquiring an additional 13,612 shares during the last quarter. 37.84% of the stock is currently owned by institutional investors.

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Quantenna Communications Company Profile

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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Earnings History and Estimates for Quantenna Communications (NASDAQ:QTNA)

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