Equities research analysts expect Quantenna Comms (NASDAQ:QTNA) to announce earnings per share (EPS) of $0.05 for the current quarter, Zacks reports. Three analysts have provided estimates for Quantenna Comms’ earnings, with estimates ranging from $0.04 to $0.05. The business is scheduled to announce its next earnings results on Monday, August 14th.

Zacks’ EPS averages are a mean average based on a survey of analysts that cover Quantenna Comms.

Quantenna Comms (NASDAQ:QTNA) last posted its earnings results on Monday, May 8th. The technology company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $37.90 million for the quarter, compared to analysts’ expectations of $35.44 million. The business’s quarterly revenue was up 55.3% compared to the same quarter last year.

QTNA has been the subject of several recent analyst reports. Needham & Company LLC lifted their price objective on shares of Quantenna Comms from $25.00 to $26.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, February 14th. Zacks Investment Research raised shares of Quantenna Comms from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Friday, February 17th. Finally, Benchmark Co. initiated coverage on shares of Quantenna Comms in a research report on Tuesday, April 4th. They set a “buy” rating for the company. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.67.

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Shares of Quantenna Comms (NASDAQ:QTNA) traded up 1.66% during mid-day trading on Tuesday, hitting $18.94. The stock had a trading volume of 240,645 shares. The stock’s 50-day moving average is $19.64 and its 200 day moving average is $19.88. Quantenna Comms has a 12 month low of $13.75 and a 12 month high of $25.45. The firm’s market cap is $638.24 million.

In other news, major shareholder Sc Xi Management Llc sold 1,981,938 shares of Quantenna Comms stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $19.90, for a total transaction of $39,440,566.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David William Carroll sold 4,000 shares of Quantenna Comms stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $17.50, for a total transaction of $70,000.00. Following the sale, the senior vice president now directly owns 10,000 shares of the company’s stock, valued at $175,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,476,310 shares of company stock valued at $49,664,057.

Several large investors have recently added to or reduced their stakes in the company. State Street Corp purchased a new stake in Quantenna Comms during the fourth quarter valued at about $1,022,000. Federated Investors Inc. PA purchased a new stake in Quantenna Comms during the fourth quarter valued at about $3,626,000. FMR LLC purchased a new stake in Quantenna Comms during the fourth quarter valued at about $6,593,000. SC US Ttgp LTD. purchased a new stake in Quantenna Comms during the fourth quarter valued at about $49,088,000. Finally, RK Capital Management LLC purchased a new stake in Quantenna Comms during the fourth quarter valued at about $4,904,000. 31.11% of the stock is owned by institutional investors and hedge funds.

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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