Quantenna Comms (QTNA) Receiving Somewhat Positive Media Coverage, Report Finds
News stories about Quantenna Comms (NASDAQ:QTNA) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. 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 Comms earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 43.0227330016564 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of equities analysts have commented on the company. Needham & Company LLC reissued a “buy” rating on shares of Quantenna Comms in a research note on Tuesday, August 8th. Barclays PLC reissued an “overweight” rating on shares of Quantenna Comms in a research note on Friday, July 21st. Finally, Zacks Investment Research raised Quantenna Comms from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $23.83.
Shares of Quantenna Comms (NASDAQ:QTNA) traded up 0.30% during trading on Friday, hitting $16.81. The stock had a trading volume of 190,753 shares. The stock has a 50 day moving average price of $17.78 and a 200-day moving average price of $17.78. Quantenna Comms has a one year low of $13.75 and a one year high of $24.14. The stock’s market capitalization is $582.13 million.
Quantenna Comms (NASDAQ:QTNA) last issued its quarterly earnings results on Monday, August 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The business had revenue of $47.10 million during the quarter, compared to the consensus estimate of $42.90 million. The company’s revenue for the quarter was up 42.7% on a year-over-year basis. On average, equities research analysts predict that Quantenna Comms will post $0.27 earnings per share for the current year.
In related news, SVP David William Carroll sold 8,500 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $17.63, for a total transaction of $149,855.00. Following the sale, the senior vice president now owns 45,600 shares of the company’s stock, valued at approximately $803,928. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Sam Heidari sold 5,600 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $18.92, for a total value of $105,952.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 157,999 shares of company stock worth $2,922,338. Corporate insiders own 22.62% of the company’s stock.
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Quantenna Comms 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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