Analysts expect Quantenna Communications Inc (NASDAQ:QTNA) to post sales of $41.03 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Quantenna Communications’ earnings, with the lowest sales estimate coming in at $41.00 million and the highest estimate coming in at $41.08 million. Quantenna Communications reported sales of $37.49 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.4%. The business is scheduled to announce its next earnings report on Monday, February 12th.

On average, analysts expect that Quantenna Communications will report full-year sales of $41.03 million for the current financial year, with estimates ranging from $176.10 million to $176.16 million. For the next fiscal year, analysts expect that the business will report sales of $216.86 million per share, with estimates ranging from $207.50 million to $232.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Quantenna Communications.

QTNA has been the topic of a number of research reports. Zacks Investment Research lowered shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Roth Capital dropped their target price on shares of Quantenna Communications from $27.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. Needham & Company LLC dropped their target price on shares of Quantenna Communications from $26.00 to $20.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 7th. ValuEngine lowered shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Finally, Barclays lowered shares of Quantenna Communications to an “equal weight” rating in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $20.00.

In other Quantenna Communications news, Chairman Sam Heidari sold 2,800 shares of Quantenna Communications stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $16.88, for a total transaction of $47,264.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Lionel Bonnot sold 8,000 shares of Quantenna Communications stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $15.99, for a total transaction of $127,920.00. Following the sale, the senior vice president now owns 25,184 shares in the company, valued at approximately $402,692.16. The disclosure for this sale can be found here. Insiders have sold 98,578 shares of company stock worth $1,502,166 in the last quarter. Corporate insiders own 22.62% of the company’s stock.

Several large investors have recently modified their holdings of QTNA. FMR LLC boosted its stake in shares of Quantenna Communications by 88.1% in the 2nd quarter. FMR LLC now owns 984,434 shares of the technology company’s stock valued at $18,704,000 after purchasing an additional 461,023 shares in the last quarter. JHL Capital Group LLC acquired a new stake in shares of Quantenna Communications in the 2nd quarter valued at $5,700,000. Vanguard Group Inc. boosted its stake in shares of Quantenna Communications by 90.8% in the 2nd quarter. Vanguard Group Inc. now owns 611,732 shares of the technology company’s stock valued at $11,622,000 after purchasing an additional 291,167 shares in the last quarter. Point72 Europe London LLP acquired a new stake in shares of Quantenna Communications in the 2nd quarter valued at $4,979,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Quantenna Communications by 90.0% in the 3rd quarter. Wells Fargo & Company MN now owns 514,295 shares of the technology company’s stock valued at $8,646,000 after purchasing an additional 243,655 shares in the last quarter. Institutional investors own 37.84% of the company’s stock.

Shares of Quantenna Communications (QTNA) traded down $0.15 during mid-day trading on Tuesday, reaching $11.80. 206,400 shares of the company were exchanged, compared to its average volume of 339,928. Quantenna Communications has a fifty-two week low of $9.60 and a fifty-two week high of $25.45. The company has a market capitalization of $420.89, a price-to-earnings ratio of 119.50 and a beta of 3.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.06 and a quick ratio of 3.51.

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About Quantenna Communications

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 Communications (NASDAQ:QTNA)

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