Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Quantenna Comms (NASDAQ:QTNA) Share Price
Media coverage about Quantenna Comms (NASDAQ:QTNA) has been trending somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Quantenna Comms earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.9598015148454 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Official Price Target Objectives For Quantenna Communications, Inc. (QTNA), Carrizo Oil & Gas, Inc. (CRZO) – StockNewsMagazine (stocknewsmagazine.com)
- Quantenna Communications, Inc. (QTNA): Trading Secrets for Today’s Investors – StockNewsGazette (stocknewsgazette.com)
- Investor Box: Viewing Levels on Shares of Quantenna … – Hayden Business Journal (haydenbusinessjournal.com)
- Quantenna Comms (QTNA) SVP Sells $182,748.00 in Stock (americanbankingnews.com)
- Q3 2017 Earnings Estimate for QUANTENNA COMMS (NASDAQ:QTNA) Issued By William Blair (americanbankingnews.com)
A number of equities analysts have issued reports on QTNA shares. Zacks Investment Research cut Quantenna Comms from a “hold” rating to a “sell” rating in a report on Thursday, April 20th. Needham & Company LLC restated a “strong-buy” rating and set a $26.00 price target on shares of Quantenna Comms in a report on Tuesday, May 9th. Finally, Barclays PLC cut their price target on Quantenna Comms from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, August 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $23.83.
Shares of Quantenna Comms (NASDAQ QTNA) traded down 0.23% during trading on Friday, hitting $17.56. The stock had a trading volume of 178,390 shares. The stock’s market capitalization is $608.10 million. Quantenna Comms has a 52 week low of $13.75 and a 52 week high of $25.45. The firm has a 50 day moving average price of $19.40 and a 200-day moving average price of $19.95.
Quantenna Comms (NASDAQ:QTNA) last released its quarterly earnings results on Monday, August 7th. The technology company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The firm had revenue of $47.10 million for the quarter, compared to the consensus estimate of $42.90 million. The business’s revenue was up 42.7% compared to the same quarter last year. On average, equities research analysts forecast that Quantenna Comms will post $0.26 EPS for the current fiscal year.
In related news, CFO Sean Sobers sold 2,743 shares of Quantenna Comms stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $21.02, for a total transaction of $57,657.86. Following the sale, the chief financial officer now directly owns 10,000 shares in the company, valued at $210,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David William Carroll sold 1,500 shares of Quantenna Comms stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $20.00, for a total value of $30,000.00. Following the sale, the senior vice president now owns 40,100 shares in the company, valued at $802,000. The disclosure for this sale can be found here. Insiders have sold 2,246,206 shares of company stock worth $44,770,739 over the last 90 days. 22.62% of the stock is currently owned by corporate insiders.
About Quantenna Comms
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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