Quantenna Communications (QTNA) to Release Quarterly Earnings on Monday

Quantenna Communications (NASDAQ:QTNA) is set to issue its quarterly earnings data after the market closes on Monday, February 12th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter.

Quantenna Communications (NASDAQ:QTNA) last released its quarterly earnings data on Monday, November 6th. The technology company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.06. Quantenna Communications had a net margin of 1.23% and a return on equity of 3.14%. On average, analysts expect Quantenna Communications to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Quantenna Communications (QTNA) opened at $13.25 on Monday. The company has a market cap of $466.68, a P/E ratio of 331.33, a P/E/G ratio of 1.21 and a beta of 3.56. Quantenna Communications has a fifty-two week low of $9.60 and a fifty-two week high of $25.45. The company has a quick ratio of 3.51, a current ratio of 4.06 and a debt-to-equity ratio of 0.01.

In other Quantenna Communications news, SVP David William Carroll sold 3,587 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $14.00, for a total value of $50,218.00. Following the completion of the transaction, the senior vice president now directly owns 42,988 shares of the company’s stock, valued at approximately $601,832. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Lionel Bonnot sold 5,500 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $10.72, for a total transaction of $58,960.00. Following the completion of the transaction, the senior vice president now directly owns 22,684 shares of the company’s stock, valued at $243,172.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,354 shares of company stock valued at $452,758. Insiders own 22.62% of the company’s stock.

Several brokerages have commented on QTNA. Zacks Investment Research raised shares of Quantenna Communications from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Roth Capital cut their price target on shares of Quantenna Communications from $27.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. Needham & Company LLC cut their price target on shares of Quantenna Communications from $26.00 to $20.00 and set a “strong-buy” rating for the company in a report on Tuesday, November 7th. ValuEngine downgraded shares of Quantenna Communications from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, BidaskClub downgraded shares of Quantenna Communications from a “hold” rating to a “sell” rating in a report on Saturday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $20.00.

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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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