Quantenna Communications (QTNA) Releases Q1 Earnings Guidance
Quantenna Communications (NASDAQ:QTNA) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.00-$0.02 for the period, compared to the Thomson Reuters consensus estimate of $0.01. The company issued revenue guidance of $43-$45 million, compared to the consensus revenue estimate of $42.50 million.
Quantenna Communications (QTNA) traded up $0.36 during midday trading on Monday, reaching $12.99. 610,464 shares of the company traded hands, compared to its average volume of 399,578. The stock has a market capitalization of $444.30 and a PE ratio of 259.80. Quantenna Communications has a 52-week low of $9.60 and a 52-week high of $25.45. The company has a quick ratio of 3.51, a current ratio of 4.06 and a debt-to-equity ratio of 0.01.
Quantenna Communications (NASDAQ:QTNA) last posted its quarterly earnings results on Monday, February 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.11. The firm had revenue of $41.30 million during the quarter, compared to analysts’ expectations of $41.00 million. Quantenna Communications had a net margin of 1.23% and a return on equity of 3.14%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 earnings per share. equities research analysts predict that Quantenna Communications will post -0.04 earnings per share for the current year.
In other news, SVP David William Carroll sold 3,868 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $14.01, for a total transaction of $54,190.68. Following the completion of the transaction, the senior vice president now directly owns 42,988 shares of the company’s stock, valued at approximately $602,261.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Lionel Bonnot sold 6,899 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $12.33, for a total transaction of $85,064.67. Following the transaction, the senior vice president now directly owns 22,684 shares of the company’s stock, valued at $279,693.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,854 shares of company stock valued at $393,798. 22.62% of the stock is currently owned by corporate insiders.
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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.
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