Quantenna Communications Inc Forecasted to Earn FY2016 Earnings of $0.04 Per Share (QTNA)
Quantenna Communications Inc (NASDAQ:QTNA) – Equities researchers at Roth Capital issued their FY2016 earnings per share (EPS) estimates for Quantenna Communications in a research note issued to investors on Monday. Roth Capital analyst S. Desilva forecasts that the brokerage will earn $0.04 per share for the year. Roth Capital has a “Buy” rating and a $25.00 price target on the stock. Roth Capital also issued estimates for Quantenna Communications’ Q4 2016 earnings at $0.02 EPS, Q1 2017 earnings at $0.00 EPS, Q2 2017 earnings at $0.03 EPS, Q3 2017 earnings at $0.06 EPS, Q4 2017 earnings at $0.18 EPS, FY2017 earnings at $0.28 EPS and FY2018 earnings at $0.94 EPS.
Several other brokerages have also recently commented on QTNA. Needham & Company LLC assumed coverage on Quantenna Communications in a report on Tuesday. They set a “buy” rating and a $25.00 target price on the stock. William Blair assumed coverage on Quantenna Communications in a report on Tuesday. They set an “outperform” rating on the stock. Deutsche Bank AG assumed coverage on Quantenna Communications in a report on Tuesday. They set a “buy” rating and a $25.00 target price on the stock. Morgan Stanley assumed coverage on Quantenna Communications in a report on Tuesday. They set an “overweight” rating and a $24.00 target price on the stock. Finally, Barclays PLC assumed coverage on Quantenna Communications in a report on Tuesday. They set an “overweight” rating and a $23.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $24.40.
Shares of Quantenna Communications (NASDAQ:QTNA) opened at 19.99 on Thursday. The firm’s market cap is $655.29 billion. The firm’s 50-day moving average price is $17.05 and its 200 day moving average price is $17.05. Quantenna Communications has a 12-month low of $13.75 and a 12-month high of $20.63.
In other news, Director Mark A. Stevens purchased 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were acquired at an average price of $16.00 per share, for a total transaction of $240,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sean Sobers purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was purchased at an average price of $16.00 per share, for a total transaction of $160,000.00. Following the acquisition, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $160,000. The disclosure for this purchase can be found here.
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About Quantenna Communications
Quantenna Communications Inc is a United States-based company, which designs wireless fidelity (Wi-Fi) chips used in set-top boxes (STBs) and wireless routers. The Company offers products, including QSR10G, QSR2000, QSR1000, QHS710 and MAUI. The QSR10G Wi-Fi chipset is the 10-giga bytes per second (Gbps) solution for access points and repeaters.
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