Quantenna Communications (NASDAQ:QTNA) – Analysts at William Blair issued their Q2 2018 EPS estimates for shares of Quantenna Communications in a research note issued on Tuesday, May 22nd. William Blair analyst expects that the technology company will earn ($0.03) per share for the quarter. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Quantenna Communications’ Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.19 EPS, FY2018 earnings at $0.22 EPS, Q1 2019 earnings at $0.16 EPS, Q2 2019 earnings at $0.19 EPS, Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.27 EPS and FY2019 earnings at $0.86 EPS.
Quantenna Communications (NASDAQ:QTNA) last announced its quarterly earnings data on Monday, April 30th. The technology company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. Quantenna Communications had a return on equity of 0.84% and a net margin of 17.46%. The firm had revenue of $45.10 million during the quarter, compared to the consensus estimate of $43.92 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The business’s revenue was up 19.0% on a year-over-year basis.
Several other equities research analysts also recently commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Quantenna Communications in a report on Tuesday, February 13th. Zacks Investment Research downgraded Quantenna Communications from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. BidaskClub downgraded Quantenna Communications from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. ValuEngine cut Quantenna Communications from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Northland Securities initiated coverage on Quantenna Communications in a research report on Thursday, March 8th. They issued an “outperform” rating and a $18.00 price target for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.57.
Quantenna Communications opened at $16.06 on Friday, according to Marketbeat.com. The company has a market cap of $577.82 million, a PE ratio of -803.00, a price-to-earnings-growth ratio of 2.68 and a beta of 1.53. Quantenna Communications has a 52-week low of $9.60 and a 52-week high of $21.21.
In related news, SVP David William Carroll sold 3,866 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $14.00, for a total transaction of $54,124.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 24,937 shares of company stock worth $373,734 over the last quarter. Company insiders own 13.49% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Landscape Capital Management L.L.C. acquired a new position in Quantenna Communications in the 4th quarter worth about $129,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Quantenna Communications in the fourth quarter valued at approximately $138,000. MetLife Investment Advisors LLC purchased a new stake in shares of Quantenna Communications in the fourth quarter valued at approximately $145,000. Eqis Capital Management Inc. purchased a new stake in shares of Quantenna Communications in the fourth quarter valued at approximately $163,000. Finally, FNY Partners Fund LP acquired a new position in Quantenna Communications in the fourth quarter valued at approximately $195,000. 54.14% of the stock is owned by institutional investors and hedge funds.
Quantenna Communications Company Profile
Quantenna Communications, Inc designs, develops, and markets wireless communication solutions enabling wireless local area networking in the United States and internationally. The company's solutions portfolio comprises radio frequency chips and digital baseband chips, which support the IEEE Wi-Fi standards, including 802.11n, 802.11ac, and draft 802.11ax.
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