Brokerages expect Quantenna Communications Inc (NASDAQ:QTNA) to announce $58.14 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Quantenna Communications’ earnings, with estimates ranging from $58.00 million to $58.50 million. Quantenna Communications reported sales of $50.11 million in the same quarter last year, which indicates a positive year over year growth rate of 16%. The business is scheduled to issue its next earnings results on Monday, November 5th.

On average, analysts expect that Quantenna Communications will report full-year sales of $218.39 million for the current fiscal year, with estimates ranging from $216.50 million to $220.89 million. For the next year, analysts expect that the business will post sales of $265.92 million, with estimates ranging from $260.90 million to $270.09 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Quantenna Communications.

Quantenna Communications (NASDAQ:QTNA) last announced its quarterly earnings results on Monday, July 30th. The technology company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.04. Quantenna Communications had a net margin of 17.33% and a return on equity of 3.33%. The firm had revenue of $53.40 million during the quarter, compared to the consensus estimate of $51.97 million. During the same period last year, the firm earned $0.07 EPS. The business’s quarterly revenue was up 13.4% compared to the same quarter last year.

Several brokerages have commented on QTNA. Roth Capital raised their price target on shares of Quantenna Communications from $20.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, September 5th. Benchmark raised their price target on shares of Quantenna Communications from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, September 5th. Needham & Company LLC raised their price target on shares of Quantenna Communications from $20.00 to $23.00 and gave the company a “strong-buy” rating in a report on Wednesday, September 5th. BidaskClub raised shares of Quantenna Communications from a “hold” rating to a “buy” rating in a report on Wednesday, September 5th. Finally, Stifel Nicolaus raised their price target on shares of Quantenna Communications from $19.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, September 4th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Quantenna Communications has a consensus rating of “Buy” and an average target price of $19.80.

NASDAQ:QTNA traded down $0.62 during trading hours on Friday, hitting $16.86. The stock had a trading volume of 164,987 shares, compared to its average volume of 341,985. Quantenna Communications has a one year low of $9.60 and a one year high of $19.41. The company has a market cap of $680.90 million, a price-to-earnings ratio of -843.00, a PEG ratio of 5.29 and a beta of 1.94.

In other news, Chairman Sam Heidari sold 37,734 shares of Quantenna Communications stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $18.78, for a total transaction of $708,644.52. Following the completion of the sale, the chairman now directly owns 200,007 shares of the company’s stock, valued at approximately $3,756,131.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sean Sobers sold 7,172 shares of Quantenna Communications stock in a transaction on Monday, October 1st. The stock was sold at an average price of $18.09, for a total transaction of $129,741.48. Following the sale, the chief financial officer now directly owns 57,050 shares of the company’s stock, valued at $1,032,034.50. The disclosure for this sale can be found here. Insiders have sold a total of 105,868 shares of company stock valued at $1,917,007 over the last ninety days. 13.49% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of QTNA. Quantum Capital Management lifted its stake in Quantenna Communications by 11.6% in the second quarter. Quantum Capital Management now owns 164,289 shares of the technology company’s stock worth $2,553,000 after purchasing an additional 17,132 shares during the last quarter. BlueMountain Capital Management LLC bought a new stake in Quantenna Communications in the second quarter worth $185,000. Marathon Capital Management lifted its stake in Quantenna Communications by 3.8% in the second quarter. Marathon Capital Management now owns 153,972 shares of the technology company’s stock worth $2,392,000 after purchasing an additional 5,672 shares during the last quarter. Manatuck Hill Partners LLC bought a new stake in Quantenna Communications in the second quarter worth $1,664,000. Finally, Creative Planning lifted its stake in Quantenna Communications by 40.8% in the second quarter. Creative Planning now owns 21,114 shares of the technology company’s stock worth $328,000 after purchasing an additional 6,113 shares during the last quarter. 61.84% of the stock is owned by institutional investors.

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

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