Quantenna Comms (QTNA) Expected to Post Earnings of $0.08 Per Share
Equities research analysts expect that Quantenna Comms (NASDAQ:QTNA) will post earnings per share of $0.08 for the current quarter, Zacks reports. Three analysts have issued estimates for Quantenna Comms’ earnings. The highest EPS estimate is $0.08 and the lowest is $0.07. The firm is expected to announce its next quarterly earnings results on Monday, November 6th.
Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Quantenna Comms.
Quantenna Comms (NASDAQ:QTNA) last released its earnings results on Monday, August 7th. The technology company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The business had revenue of $47.10 million for the quarter, compared to analysts’ expectations of $42.90 million. The company’s quarterly revenue was up 42.7% on a year-over-year basis.
A number of analysts have issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating on shares of Quantenna Comms in a report on Tuesday, August 8th. Zacks Investment Research raised Quantenna Comms from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Tuesday, July 11th. Finally, Barclays PLC reaffirmed an “overweight” rating on shares of Quantenna Comms in a report on Friday, July 21st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $23.83.
Quantenna Comms (QTNA) traded down 4.19% during trading on Wednesday, hitting $17.39. The stock had a trading volume of 252,992 shares. The company’s 50-day moving average is $18.47 and its 200 day moving average is $19.68. The firm’s market cap is $602.22 million. Quantenna Comms has a 52 week low of $13.75 and a 52 week high of $25.45.
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In other Quantenna Comms news, SVP Lionel Bonnot sold 8,700 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $18.76, for a total value of $163,212.00. Following the sale, the senior vice president now owns 19,468 shares of the company’s stock, valued at approximately $365,219.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sean Sobers sold 4,966 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $18.76, for a total value of $93,162.16. The disclosure for this sale can be found here. Insiders sold a total of 162,499 shares of company stock worth $3,079,563 in the last ninety days. Insiders own 22.62% of the company’s stock.
Several large investors have recently made changes to their positions in QTNA. Creative Planning acquired a new stake in shares of Quantenna Comms during the 2nd quarter worth approximately $102,000. Nationwide Fund Advisors grew its holdings in shares of Quantenna Comms by 537.5% during the 2nd quarter. Nationwide Fund Advisors now owns 11,973 shares of the technology company’s stock worth $227,000 after purchasing an additional 10,095 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Quantenna Comms during the 1st quarter worth approximately $255,000. Swiss National Bank acquired a new stake in shares of Quantenna Comms during the 2nd quarter worth approximately $262,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Quantenna Comms by 326.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,784 shares of the technology company’s stock worth $337,000 after purchasing an additional 13,612 shares in the last quarter. 37.89% of the stock is currently owned by institutional investors.
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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