Media headlines about Quantenna Communications (NASDAQ:QTNA) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Quantenna Communications earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 44.8337574528576 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
QTNA has been the subject of a number of recent analyst reports. ValuEngine lowered shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. TheStreet raised shares of Quantenna Communications from a “d+” rating to a “c-” rating in a research note on Friday, June 1st. BidaskClub lowered shares of Quantenna Communications from a “buy” rating to a “hold” rating in a research note on Friday, June 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Quantenna Communications in a research note on Friday, June 1st. Finally, Northland Securities began coverage on shares of Quantenna Communications in a research note on Thursday, March 8th. They set an “outperform” rating and a $18.00 target price for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Quantenna Communications has a consensus rating of “Hold” and a consensus price target of $19.57.
Shares of NASDAQ:QTNA opened at $15.98 on Wednesday. Quantenna Communications has a 12-month low of $9.60 and a 12-month high of $20.73. The firm has a market cap of $582.17 million, a price-to-earnings ratio of -799.00, a P/E/G ratio of 3.54 and a beta of 1.81.
Quantenna Communications (NASDAQ:QTNA) last posted its earnings results on Monday, April 30th. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. Quantenna Communications had a net margin of 17.46% and a return on equity of 0.84%. The business had revenue of $45.10 million for the quarter, compared to the consensus estimate of $43.92 million. During the same period last year, the company earned $0.03 EPS. The firm’s revenue was up 19.0% compared to the same quarter last year. equities research analysts expect that Quantenna Communications will post 0.23 earnings per share for the current fiscal year.
In other Quantenna Communications news, SVP David William Carroll sold 3,866 shares of the firm’s stock in a transaction that occurred on Thursday, April 12th. The shares were sold at an average price of $14.00, for a total transaction of $54,124.00. Following the completion of the transaction, the senior vice president now owns 41,612 shares in the company, valued at approximately $582,568. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Sam Heidari sold 26,125 shares of the firm’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $16.06, for a total transaction of $419,567.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,888 shares of company stock worth $1,081,492. 13.49% of the stock is owned by corporate insiders.
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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