Quantenna Comms (NASDAQ:QTNA) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of ($0.04-0.02) for the period, compared to the Thomson Reuters consensus estimate of $0.09. The company issued revenue guidance of $40-42 million, compared to the consensus revenue estimate of $54.69 million.

Quantenna Comms (QTNA) traded down $4.88 during midday trading on Tuesday, hitting $9.98. 1,635,906 shares of the stock were exchanged, compared to its average volume of 196,606. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.17 and a current ratio of 4.77. Quantenna Comms has a 1-year low of $13.75 and a 1-year high of $25.45.

Quantenna Comms (NASDAQ:QTNA) last released its quarterly earnings results on Monday, August 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter was up 42.7% compared to the same quarter last year. sell-side analysts predict that Quantenna Comms will post 0.01 EPS for the current year.

Several research firms have recently weighed in on QTNA. Zacks Investment Research raised shares of Quantenna Comms from a hold rating to a buy rating and set a $22.00 price objective for the company in a report on Tuesday, July 11th. Barclays PLC reaffirmed an overweight rating on shares of Quantenna Comms in a report on Friday, July 21st. Finally, Needham & Company LLC reaffirmed a buy rating on shares of Quantenna Comms in a report on Tuesday, August 8th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Quantenna Comms has a consensus rating of Buy and an average target price of $22.83.

In related news, Chairman Sam Heidari sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $15.15, for a total value of $30,300.00. Following the sale, the chairman now directly owns 70,700 shares of the company’s stock, valued at approximately $1,071,105. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sean Sobers sold 4,966 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $18.76, for a total transaction of $93,162.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,933 shares of company stock worth $2,281,437. Insiders own 22.62% of the company’s stock.

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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.

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

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