Equities analysts predict that Quantenna Communications Inc (NASDAQ:QTNA) will post $0.01 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Quantenna Communications’ earnings. Quantenna Communications posted earnings of $0.03 per share in the same quarter last year, which indicates a negative year over year growth rate of 66.7%. The business is scheduled to report its next quarterly earnings results on Monday, May 14th.

Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Quantenna Communications.

Quantenna Communications (NASDAQ:QTNA) last posted its quarterly earnings data on Monday, February 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.11. The business had revenue of $41.30 million for the quarter, compared to analysts’ expectations of $41.00 million. Quantenna Communications had a return on equity of 0.96% and a net margin of 19.51%. The business’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 earnings per share.

Several research analysts recently issued reports on QTNA shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Quantenna Communications in a research note on Tuesday, February 13th. Roth Capital dropped their price target on Quantenna Communications from $27.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, November 7th. Barclays cut Quantenna Communications to an “equal weight” rating in a report on Tuesday, November 7th. BidaskClub raised Quantenna Communications from a “sell” rating to a “hold” rating in a report on Thursday, January 18th. Finally, Zacks Investment Research raised Quantenna Communications from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $20.00.

Quantenna Communications (NASDAQ:QTNA) traded up $0.17 during trading hours on Friday, hitting $14.16. 329,470 shares of the stock were exchanged, compared to its average volume of 438,334. Quantenna Communications has a 12 month low of $9.60 and a 12 month high of $25.45. The company has a market cap of $509.89, a price-to-earnings ratio of 16.09, a P/E/G ratio of 1.53 and a beta of 1.82.

In other news, SVP David William Carroll sold 3,866 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $14.00, for a total value of $54,124.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 12,695 shares of company stock worth $177,796 over the last ninety days. 22.62% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. acquired a new stake in Quantenna Communications during the 4th quarter worth approximately $129,000. Stone Ridge Asset Management LLC acquired a new stake in Quantenna Communications in the fourth quarter worth approximately $138,000. MetLife Investment Advisors LLC acquired a new stake in Quantenna Communications in the fourth quarter worth approximately $145,000. Nationwide Fund Advisors lifted its position in Quantenna Communications by 537.5% in the second 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 during the period. Finally, Eqis Capital Management Inc. acquired a new stake in Quantenna Communications in the fourth quarter worth approximately $163,000. Institutional investors own 52.47% of the company’s stock.

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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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