Somewhat Positive News Coverage Somewhat Unlikely to Impact Quantenna Comms (QTNA) Stock Price
Media stories about Quantenna Comms (NASDAQ:QTNA) have been trending somewhat positive on Thursday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Quantenna Comms earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.7991444513717 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Lionel Bonnot Sells 8,842 Shares of Quantenna Comms (QTNA) Stock (americanbankingnews.com)
- Quantenna Comms (QTNA) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- Aviat Networks (AVNW) & Quantenna Comms (QTNA) Financial Survey (americanbankingnews.com)
- Arista Networks, Inc. (ANET) registers a price change of -0.99% while Quantenna Communications, Inc. (QTNA … – Stocks Gallery (stocksgallery.com)
- Insiders Are Selling – Quantenna Communications, Inc. (NASDAQ:QTNA) – Highlight Press (highlightpress.com)
Quantenna Comms (NASDAQ QTNA) traded down 1.08% during midday trading on Thursday, hitting $18.37. The stock had a trading volume of 33,026 shares. The company’s market cap is $636.15 million. Quantenna Comms has a 12-month low of $13.75 and a 12-month high of $25.45. The firm has a 50-day moving average of $18.77 and a 200-day moving average of $19.83.
Quantenna Comms (NASDAQ:QTNA) last announced its quarterly earnings data 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 company had revenue of $47.10 million for the quarter, compared to analysts’ expectations of $42.90 million. Quantenna Comms’s revenue was up 42.7% on a year-over-year basis. Equities research analysts forecast that Quantenna Comms will post $0.27 EPS for the current year.
Several equities analysts have weighed in on the company. Needham & Company LLC restated a “buy” rating on shares of Quantenna Comms in a report on Tuesday, August 8th. Barclays PLC cut their price target on Quantenna Comms from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, August 8th. Finally, Zacks Investment Research upgraded Quantenna Comms from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $23.83.
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In related news, SVP Lionel Bonnot sold 9,800 shares of Quantenna Comms stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $20.77, for a total transaction of $203,546.00. Following the transaction, the senior vice president now owns 28,700 shares in the company, valued at approximately $596,099. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David William Carroll sold 1,500 shares of Quantenna Comms stock in a transaction on Monday, June 19th. The shares were sold at an average price of $20.00, for a total transaction of $30,000.00. Following the transaction, the senior vice president now owns 40,100 shares in the company, valued at approximately $802,000. The disclosure for this sale can be found here. Insiders have sold a total of 152,933 shares of company stock worth $2,911,552 in the last 90 days. Company insiders own 22.62% of the company’s stock.
About Quantenna Comms
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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