Quantenna Communications (NASDAQ:QTNA) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.00-$0.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.01. The company issued revenue guidance of $43-$45 million, compared to the consensus revenue estimate of $42.50 million.
Quantenna Communications (NASDAQ QTNA) traded up $0.36 during trading on Monday, reaching $12.99. The company’s stock had a trading volume of 610,464 shares, compared to its average volume of 399,578. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.51 and a current ratio of 4.06. The stock has a market capitalization of $444.30 and a price-to-earnings ratio of 256.60. Quantenna Communications has a one year low of $9.60 and a one year high of $25.45.
Quantenna Communications (NASDAQ:QTNA) last posted its earnings results on Monday, February 12th. The technology company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.11. 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 during the quarter, compared to analyst estimates of $41.00 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. Quantenna Communications’s revenue was up 10.1% on a year-over-year basis. research analysts anticipate that Quantenna Communications will post -0.04 earnings per share for the current year.
In related news, SVP Lionel Bonnot sold 6,899 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $12.33, for a total value of $85,064.67. Following the completion of the transaction, the senior vice president now owns 22,684 shares in the company, valued at approximately $279,693.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David William Carroll sold 3,587 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was 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 owns 42,988 shares of the company’s stock, valued at approximately $601,832. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,854 shares of company stock valued at $393,798. Company insiders own 22.62% of the company’s stock.
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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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