Quantenna Communications (NASDAQ:QTNA) posted its quarterly earnings results on Monday. The technology company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.11, Briefing.com reports. Quantenna Communications had a return on equity of 3.14% and a net margin of 1.23%. The company had revenue of $41.30 million for the quarter, compared to analysts’ expectations of $41.00 million. During the same period in the previous year, the firm earned $0.03 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. Quantenna Communications updated its Q1 guidance to $0.00-$0.02 EPS.
Shares of Quantenna Communications (QTNA) traded up $0.36 on Monday, hitting $12.99. The stock had a trading volume of 609,883 shares, compared to its average volume of 399,558. The stock has a market cap of $444.30 and a PE ratio of 256.60. Quantenna Communications has a twelve month low of $9.60 and a twelve month 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.
QTNA has been the topic of a number of research analyst reports. Needham & Company LLC lowered their price target on Quantenna Communications from $26.00 to $20.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 7th. Barclays cut Quantenna Communications to an “equal weight” rating in a report on Tuesday, November 7th. Roth Capital lowered their price target on Quantenna Communications from $27.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, November 7th. ValuEngine cut Quantenna Communications from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Finally, Zacks Investment Research cut Quantenna Communications from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $20.00.
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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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