Quantenna Communications (QTNA) Earning Somewhat Favorable News Coverage, Analysis Shows

Media coverage about Quantenna Communications (NASDAQ:QTNA) has been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Quantenna Communications earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.19828634343 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Quantenna Communications stock opened at $13.48 on Monday. The firm has a market capitalization of $485.40, a PE ratio of -674.00, a PEG ratio of 1.51 and a beta of 1.45. Quantenna Communications has a fifty-two week low of $9.60 and a fifty-two week high of $22.50.

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Quantenna Communications (NASDAQ:QTNA) last released its quarterly earnings results on Monday, February 12th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.11. The firm had revenue of $41.30 million for the quarter, compared to analysts’ expectations of $41.00 million. Quantenna Communications had a net margin of 19.51% and a return on equity of 0.96%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share. research analysts expect that Quantenna Communications will post 0.36 EPS for the current year.

A number of equities research analysts have issued reports on the stock. Northland Securities assumed coverage on shares of Quantenna Communications in a report on Thursday, March 8th. They set an “outperform” rating and a $18.00 target price on the stock. Zacks Investment Research cut shares of Quantenna Communications from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. BidaskClub raised shares of Quantenna Communications from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. ValuEngine cut shares of Quantenna Communications from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Finally, Needham & Company LLC reissued a “buy” rating and set a $20.00 target price on shares of Quantenna Communications in a report on Tuesday, February 13th. Two 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 company has an average rating of “Hold” and an average target price of $19.60.

In other news, SVP David William Carroll sold 3,866 shares of the company’s stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $14.00, for a total value of $54,124.00. Following the transaction, the senior vice president now owns 41,612 shares of the company’s stock, valued at $582,568. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 12,974 shares of company stock worth $181,702. Insiders own 22.62% of the company’s stock.

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About Quantenna Communications

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.

Insider Buying and Selling by Quarter for Quantenna Communications (NASDAQ:QTNA)

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