QUANTENNA COMMS (NASDAQ:QTNA) – William Blair upped their Q3 2017 earnings per share (EPS) estimates for shares of QUANTENNA COMMS in a report issued on Tuesday. William Blair analyst A. Doradla now forecasts that the technology company will post earnings of $0.07 per share for the quarter, up from their prior estimate of $0.01. William Blair also issued estimates for QUANTENNA COMMS’s Q4 2017 earnings at $0.08 EPS and FY2017 earnings at $0.25 EPS.
QTNA has been the topic of several other research reports. Zacks Investment Research downgraded 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 objective on shares of QUANTENNA COMMS in a report on Tuesday, May 9th. Finally, Barclays PLC cut their price objective on QUANTENNA COMMS from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. QUANTENNA COMMS has an average rating of “Buy” and a consensus target price of $23.83.
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Shares of QUANTENNA COMMS (NASDAQ QTNA) opened at 17.88 on Thursday. The stock’s market capitalization is $602.52 million. QUANTENNA COMMS has a one year low of $13.75 and a one year high of $25.45. The stock’s 50 day moving average is $19.57 and its 200-day moving average is $19.98.
QUANTENNA COMMS (NASDAQ:QTNA) last issued its quarterly earnings results on Monday, August 7th. The technology company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $47.10 million for the quarter, compared to analysts’ expectations of $42.90 million. The company’s revenue was up 42.7% compared to the same quarter last year.
Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of QUANTENNA COMMS by 10.8% in the first quarter. JPMorgan Chase & Co. now owns 1,000,758 shares of the technology company’s stock worth $20,846,000 after buying an additional 97,641 shares in the last quarter. Whale Rock Capital Management LLC increased its position in shares of QUANTENNA COMMS by 49.9% in the first quarter. Whale Rock Capital Management LLC now owns 912,601 shares of the technology company’s stock worth $19,009,000 after buying an additional 303,626 shares in the last quarter. FMR LLC increased its position in shares of QUANTENNA COMMS by 44.0% in the first quarter. FMR LLC now owns 523,411 shares of the technology company’s stock worth $10,903,000 after buying an additional 159,811 shares in the last quarter. Wellington Management Group LLP increased its position in shares of QUANTENNA COMMS by 60.4% in the first quarter. Wellington Management Group LLP now owns 457,255 shares of the technology company’s stock worth $9,524,000 after buying an additional 172,236 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its position in shares of QUANTENNA COMMS by 7.8% in the first quarter. Driehaus Capital Management LLC now owns 327,382 shares of the technology company’s stock worth $6,819,000 after buying an additional 23,634 shares in the last quarter. Institutional investors own 31.58% of the company’s stock.
In other news, SVP David William Carroll sold 8,500 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $18.39, for a total value of $156,315.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Sc Xi Management Llc sold 1,981,938 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $19.90, for a total value of $39,440,566.20. The disclosure for this sale can be found here. Insiders sold a total of 2,538,076 shares of company stock worth $50,872,709 in the last quarter. 22.62% of the stock is 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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