Media headlines about Quantenna Communications (NASDAQ:QTNA) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Quantenna Communications earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 45.626917069014 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of QTNA stock opened at $14.92 on Wednesday. Quantenna Communications has a 12-month low of $9.60 and a 12-month high of $21.24. The company has a market cap of $554.23 million, a PE ratio of -746.00, a P/E/G ratio of 2.51 and a beta of 1.53.
Quantenna Communications (NASDAQ:QTNA) last issued its quarterly earnings results on Monday, April 30th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $45.10 million during the quarter, compared to analyst estimates of $43.92 million. During the same quarter last year, the business posted $0.03 EPS. Quantenna Communications’s quarterly revenue was up 19.0% compared to the same quarter last year. research analysts expect that Quantenna Communications will post 0.24 earnings per share for the current year.
QTNA has been the subject of several analyst reports. ValuEngine lowered shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. BidaskClub lowered shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Quantenna Communications in a research note on Tuesday, February 13th. Zacks Investment Research lowered shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. Finally, Northland Securities initiated coverage on shares of Quantenna Communications in a research note on Thursday, March 8th. They set an “outperform” rating and a $18.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $19.67.
In other 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 sale, the senior vice president now owns 41,612 shares in the company, valued at approximately $582,568. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 16,972 shares of company stock valued at $246,294. 13.49% of the stock is currently owned by company 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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