Needham issues “Strong Buy” Rating on Quantenna Communications (QTNA)

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.

Quantenna Communications

Leave a Reply

Quantenna Communications - Is it time to Sell?

Top Brokerage Firms are advising their investors on Quantenna Communications. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.