Q2 2017 Earnings Estimate for Quantenna Communications Inc Issued By Roth Capital (QTNA)

Quantenna Communications Inc (NASDAQ:QTNA) – Equities research analysts at Roth Capital reduced their Q2 2017 earnings per share (EPS) estimates for Quantenna Communications in a report issued on Thursday. Roth Capital analyst S. Desilva now forecasts that the firm will post earnings per share of $0.03 for the quarter, down from their previous forecast of $0.05. Roth Capital currently has a “Buy” rating and a $25.00 target price on the stock. Roth Capital also issued estimates for Quantenna Communications’ FY2017 earnings at $0.25 EPS and FY2018 earnings at $0.81 EPS.

Quantenna Communications (NASDAQ:QTNA) last posted its quarterly earnings data on Monday, February 13th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The firm earned $37.49 million during the quarter, compared to analysts’ expectations of $35.10 million. Quantenna Communications’s quarterly revenue was up 47.6% on a year-over-year basis.

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

Several other equities research analysts have also recently commented on the company. Zacks Investment Research cut Quantenna Communications from a “buy” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC increased their price objective on Quantenna Communications from $25.00 to $26.00 and gave the company a “strong-buy” rating in a research report on Tuesday, February 14th. Morgan Stanley began coverage on Quantenna Communications in a research report on Tuesday, November 22nd. They set an “overweight” rating and a $24.00 price objective on the stock. William Blair reaffirmed an “outperform” rating on shares of Quantenna Communications in a research report on Tuesday, November 22nd. Finally, Barclays PLC began coverage on Quantenna Communications in a research report on Tuesday, November 22nd. They set an “overweight” rating and a $23.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $24.67.

Quantenna Communications (NASDAQ:QTNA) opened at 24.36 on Monday. The firm has a 50-day moving average of $21.07 and a 200-day moving average of $19.54. The stock’s market capitalization is $805.73 million. Quantenna Communications has a 52-week low of $13.75 and a 52-week high of $25.45.

Large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Quantenna Communications during the fourth quarter valued at approximately $181,000. Alyeska Investment Group L.P. purchased a new position in shares of Quantenna Communications during the fourth quarter valued at about $1,108,000. Franklin Resources Inc. purchased a new position in shares of Quantenna Communications during the fourth quarter valued at about $12,419,000. RK Capital Management LLC purchased a new position in shares of Quantenna Communications during the fourth quarter valued at about $4,904,000. Finally, SC US Ttgp LTD. purchased a new position in shares of Quantenna Communications during the fourth quarter valued at about $49,088,000. 4.73% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NASDAQ:QTNA

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