Equities analysts expect Quantenna Communications Inc (NASDAQ:QTNA) to report ($0.03) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Quantenna Communications’ earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.03). Quantenna Communications reported earnings per share of $0.03 during the same quarter last year, which indicates a negative year-over-year growth rate of 200%. The business is scheduled to report its next quarterly earnings report on Monday, February 12th.

Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Quantenna Communications.

Several research firms recently weighed in on QTNA. Zacks Investment Research cut Quantenna Communications from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. ValuEngine cut Quantenna Communications from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Roth Capital cut their price target on Quantenna Communications from $27.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. Barclays cut Quantenna Communications to an “equal weight” rating in a report on Tuesday, November 7th. Finally, Needham & Company LLC cut their price target on Quantenna Communications from $26.00 to $20.00 and set a “strong-buy” rating for the company in a report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Quantenna Communications presently has a consensus rating of “Hold” and a consensus price target of $20.00.

Quantenna Communications (QTNA) traded down $0.20 during midday trading on Friday, hitting $11.60. The company had a trading volume of 170,300 shares, compared to its average volume of 339,218. Quantenna Communications has a fifty-two week low of $9.60 and a fifty-two week high of $25.45. The company has a quick ratio of 3.51, a current ratio of 4.06 and a debt-to-equity ratio of 0.01. The firm has a market cap of $415.61, a PE ratio of 118.00 and a beta of 3.75.

In other Quantenna Communications news, Chairman Sam Heidari sold 2,800 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $16.88, for a total transaction of $47,264.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Lionel Bonnot sold 8,500 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $17.61, for a total value of $149,685.00. Following the transaction, the senior vice president now directly owns 25,684 shares in the company, valued at approximately $452,295.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,199 shares of company stock worth $1,477,344. 22.62% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of QTNA. Royce & Associates LP acquired a new position in shares of Quantenna Communications in the 3rd quarter valued at $378,000. RK Capital Management LLC lifted its stake in shares of Quantenna Communications by 3.5% in the 3rd quarter. RK Capital Management LLC now owns 305,119 shares of the technology company’s stock valued at $5,129,000 after purchasing an additional 10,237 shares during the period. Brown Advisory Inc. acquired a new stake in Quantenna Communications during the 3rd quarter worth $333,000. Schwab Charles Investment Management Inc. raised its stake in Quantenna Communications by 54.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 78,084 shares of the technology company’s stock worth $1,313,000 after buying an additional 27,596 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Quantenna Communications by 90.0% during the 3rd quarter. Wells Fargo & Company MN now owns 514,295 shares of the technology company’s stock worth $8,646,000 after buying an additional 243,655 shares during the period. 37.84% of the stock is currently owned by hedge funds and other institutional investors.

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Quantenna Communications 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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Earnings History and Estimates for Quantenna Communications (NASDAQ:QTNA)

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