Quantenna Communications (QTNA) Issues Q1 Earnings Guidance

Quantenna Communications (NASDAQ:QTNA) issued an update on its first quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.00-$0.02 for the period, compared to the Thomson Reuters consensus EPS 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) opened at $13.32 on Wednesday. The firm has a market cap of $457.52, a PE ratio of 649.50, a price-to-earnings-growth ratio of 1.27 and a beta of 3.56. The company has a quick ratio of 3.51, a current ratio of 4.06 and a debt-to-equity ratio of 0.01. Quantenna Communications has a fifty-two week low of $9.60 and a fifty-two week high of $25.45.

Quantenna Communications (NASDAQ:QTNA) last released its quarterly earnings results on Monday, February 12th. The technology company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.11. The firm had revenue of $41.30 million for the quarter, compared to analysts’ expectations of $41.00 million. Quantenna Communications had a net margin of 19.51% and a return on equity of 1.03%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 EPS. equities research analysts anticipate that Quantenna Communications will post 0.41 earnings per share for the current year.

Several research analysts have recently commented on QTNA shares. Needham & Company LLC lowered 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 report on Tuesday, November 7th. Barclays cut shares of Quantenna Communications to an equal weight rating in a report on Tuesday, November 7th. Roth Capital lowered their target price on shares of 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 shares of Quantenna Communications from a hold rating to a sell rating in a report on Tuesday, November 7th. Finally, Zacks Investment Research cut shares of 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 issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $20.00.

In other news, SVP Lionel Bonnot sold 6,899 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $12.33, for a total transaction of $85,064.67. Following the transaction, the senior vice president now directly owns 22,684 shares of the company’s stock, valued at $279,693.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David William Carroll sold 3,587 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $14.00, for a total transaction of $50,218.00. Following the transaction, the senior vice president now directly owns 42,988 shares in the company, valued at $601,832. The disclosure for this sale can be found here. Insiders have sold 25,354 shares of company stock worth $325,818 over the last ninety days. Insiders own 22.62% of the company’s stock.

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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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