Quantenna Comms (QTNA) Set to Announce Quarterly Earnings on Monday
Quantenna Comms (NASDAQ:QTNA) will be issuing its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Quantenna Comms has set its Q3 guidance at $0.07-$0.09 EPS.
Quantenna Comms (NASDAQ:QTNA) last posted its quarterly earnings data on Monday, August 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the 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 business’s revenue was up 42.7% on a year-over-year basis. On average, analysts expect Quantenna Comms to post $0.01 EPS for the current fiscal year and $0.77 EPS for the next fiscal year.
Quantenna Comms (NASDAQ:QTNA) traded down 2.29% during midday trading on Monday, reaching $14.91. The company’s stock had a trading volume of 134,754 shares. Quantenna Comms has a 52 week low of $13.75 and a 52 week high of $25.45. The stock has a 50 day moving average of $16.79 and a 200 day moving average of $16.79. The firm’s market capitalization is $516.33 million.
QTNA has been the subject of several recent research reports. Zacks Investment Research cut Quantenna Comms from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Barclays PLC cut their price target on Quantenna Comms from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, August 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Quantenna Comms in a report on Tuesday, August 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $23.83.
In related news, CFO Sean Sobers sold 4,966 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $19.29, for a total transaction of $95,794.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Lionel Bonnot sold 7,500 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $15.54, for a total value of $116,550.00. Following the sale, the senior vice president now owns 24,684 shares in the company, valued at $383,589.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 156,199 shares of company stock valued at $2,780,928. 22.62% of the stock is currently owned by insiders.
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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