News coverage about Quantenna Communications (NASDAQ:QTNA) has trended somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Quantenna Communications earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.2404597719289 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
NASDAQ:QTNA opened at $13.80 on Wednesday. Quantenna Communications has a twelve month low of $9.60 and a twelve month high of $22.50. The stock has a market cap of $499.08, a price-to-earnings ratio of -690.00, a price-to-earnings-growth ratio of 1.55 and a beta of 1.43.
Quantenna Communications (NASDAQ:QTNA) last posted its earnings results on Monday, February 12th. The technology company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.11. Quantenna Communications had a net margin of 19.51% and a return on equity of 0.96%. The firm had revenue of $41.30 million during the quarter, compared to the consensus estimate of $41.00 million. During the same period last year, the firm posted $0.03 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. equities research analysts anticipate that Quantenna Communications will post 0.36 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on the stock. Northland Securities assumed coverage on shares of Quantenna Communications in a report on Thursday, March 8th. They issued an “outperform” rating and a $18.00 price target for the company. Zacks Investment Research downgraded shares of Quantenna Communications from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. BidaskClub upgraded shares of Quantenna Communications from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Quantenna Communications in a report on Tuesday, December 19th. Finally, ValuEngine downgraded shares of Quantenna Communications from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.60.
In other Quantenna Communications news, SVP David William Carroll sold 3,868 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $14.01, for a total transaction of $54,190.68. Following the completion of the transaction, the senior vice president now directly owns 42,988 shares in the company, valued at approximately $602,261.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 12,974 shares of company stock valued at $181,702 over the last 90 days. 22.62% of the stock is currently owned by insiders.
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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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