Quantenna Communications (QTNA) was Reiterated by Needham to “Strong Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 26 from a previous price target of $25 . Needham advised their Clients and Investors in a research report released on Feb 14, 2017.
On the company’s financial health, Quantenna Communications reported $0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 13, 2017. Analyst had a consensus of $0.01. The company had revenue of $37.49 million for the quarter, compared to analysts expectations of $35.00 million. The company’s revenue was up 47.6% compared to the same quarter last year.
Quantenna Communications opened for trading at $19.8 and hit $20.05 on the upside on Friday, eventually ending the session at $19.91, with a gain of 2.31% or 0.45 points. The heightened volatility saw the trading volume jump to 94,150 shares. Company has a market cap of $653 M.