Wall Street brokerages forecast that Quantenna Comms (NASDAQ:QTNA) will report earnings of $0.08 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Quantenna Comms’ earnings. The lowest EPS estimate is $0.07 and the highest is $0.08. The business is scheduled to announce its next quarterly earnings results on Monday, November 6th.

Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Quantenna Comms.

Quantenna Comms (NASDAQ:QTNA) last announced its quarterly earnings data on Monday, August 7th. The technology company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02. The company had revenue of $47.10 million for the quarter, compared to analysts’ expectations of $42.90 million. The firm’s revenue was up 42.7% compared to the same quarter last year.

A number of research firms have recently issued reports on QTNA. Needham & Company LLC reiterated a “buy” rating on shares of Quantenna Comms in a report on Tuesday, August 8th. Barclays PLC lowered their price objective on shares of Quantenna Comms from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, August 8th. Finally, Zacks Investment Research upgraded shares of Quantenna Comms from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Quantenna Comms presently has an average rating of “Buy” and an average target price of $23.83.

Quantenna Comms (NASDAQ:QTNA) traded up 1.15% during mid-day trading on Friday, reaching $16.68. 473,545 shares of the company’s stock traded hands. The stock’s market cap is $577.63 million. The firm has a 50-day moving average price of $19.00 and a 200-day moving average price of $19.90. Quantenna Comms has a 1-year low of $13.75 and a 1-year high of $25.45.

In related news, SVP David William Carroll sold 1,500 shares of the firm’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $20.00, for a total value of $30,000.00. Following the completion of the transaction, the senior vice president now directly owns 40,100 shares of the company’s stock, valued at $802,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Lionel Bonnot sold 9,800 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $20.85, for a total transaction of $204,330.00. Following the completion of the transaction, the senior vice president now directly owns 180 shares of the company’s stock, valued at $3,753. The disclosure for this sale can be found here. Insiders sold 2,174,977 shares of company stock valued at $43,216,069 over the last three months. 22.62% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Creative Planning purchased a new position in Quantenna Comms during the second quarter valued at $102,000. Norges Bank purchased a new position in Quantenna Comms during the fourth quarter valued at $181,000. Nationwide Fund Advisors boosted its position in Quantenna Comms by 537.5% in the second quarter. Nationwide Fund Advisors now owns 11,973 shares of the technology company’s stock valued at $227,000 after buying an additional 10,095 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Quantenna Comms during the first quarter valued at $255,000. Finally, Swiss National Bank purchased a new position in Quantenna Comms during the second quarter valued at $262,000. 30.80% of the stock is owned by institutional investors and hedge funds.

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Quantenna Comms 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 Comms (NASDAQ:QTNA)

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