Quantenna Communications (QTNA) Issues Earnings Results, Beats Estimates By $0.11 EPS
Quantenna Communications (NASDAQ:QTNA) announced its quarterly earnings data on Monday. The technology company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.11, Briefing.com reports. Quantenna Communications had a return on equity of 3.14% and a net margin of 1.23%. The firm had revenue of $41.30 million for the quarter, compared to the consensus estimate of $41.00 million. During the same quarter last year, the business posted $0.03 earnings per share. The firm’s revenue was up 10.1% compared to the same quarter last year. Quantenna Communications updated its Q1 guidance to $0.00-$0.02 EPS.
Shares of Quantenna Communications (NASDAQ:QTNA) traded up $0.36 during trading on Monday, reaching $12.99. The company had a trading volume of 610,464 shares, compared to its average volume of 399,578. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.51 and a current ratio of 4.06. The stock has a market capitalization of $444.30 and a P/E ratio of 256.60. Quantenna Communications has a 52-week low of $9.60 and a 52-week high of $25.45.
A number of equities analysts recently commented on the company. Needham & Company LLC reduced their price objective on Quantenna Communications from $26.00 to $20.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 7th. BidaskClub upgraded Quantenna Communications from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. ValuEngine downgraded Quantenna Communications from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Quantenna Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Roth Capital reduced their price objective on Quantenna Communications from $27.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Quantenna Communications has a consensus rating of “Hold” and an average target price of $20.00.
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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.
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