Media coverage about Quantenna Comms (NASDAQ:QTNA) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Quantenna Comms earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 43.6006252801384 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories 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)
QTNA has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Quantenna Comms from a “hold” rating to a “sell” rating in a report on Thursday, April 20th. Needham & Company LLC reissued a “strong-buy” rating and issued a $26.00 price target on shares of Quantenna Comms in a report on Tuesday, May 9th. Finally, Barclays PLC reaffirmed an “overweight” rating on shares of Quantenna Comms in a report on Friday, July 21st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $23.83.
Shares of Quantenna Comms (NASDAQ QTNA) traded down 0.23% during midday trading on Friday, hitting $17.56. 178,390 shares of the company were exchanged. Quantenna Comms has a one year low of $13.75 and a one year high of $25.45. The company’s market capitalization is $608.10 million. The company has a 50-day moving average of $19.40 and a 200 day moving average of $19.95.
Quantenna Comms (NASDAQ:QTNA) last posted its quarterly earnings data on Monday, August 7th. The technology company reported $0.07 earnings per share for the quarter, topping 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 firm’s revenue for the quarter was up 42.7% compared to the same quarter last year. On average, equities research analysts expect that Quantenna Comms will post $0.26 earnings per share for the current fiscal year.
In other news, CFO Sean Sobers sold 2,743 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $21.02, for a total value of $57,657.86. Following the completion of the transaction, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $210,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Sc Xi Management Llc sold 1,981,938 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $19.90, for a total transaction of $39,440,566.20. The disclosure for this sale can be found here. Insiders have sold 2,246,206 shares of company stock valued at $44,770,739 in the last ninety days. 22.62% of the stock is currently owned by company insiders.
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Quantenna Comms 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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