Quantenna Communications Beats on Earnings and Revenue
Posted by Lance Jepsen on February 13, 2017 6:34 PM
Tags: Capital (economics), Credit rating, Deutsche Bank, Economic growth, Infrastructure, Market trend, Price, Radio frequency, Semiconductor, Telecommunication, Telecommunications service provider, Wi-Fi, Wireless, Wireless LAN
February 13, 2017: Quantenna Communications reports Q4 EPS of $0.03 versus the $0.01 estimate. Revenue also beat coming in at $37.5 million versus the $35.2 million estimate.
CEO Sam Heidari said, “We are excited to report strong results during our first quarter as a public company. Quantenna continued its focus on delivering the best Wi-Fi solutions to existing and new customers. We believe we are well-positioned to capitalize on our deep Wi-Fi expertise and strategic customer relationships to further expand our opportunities and continue to grow our revenue in 2017 and beyond.”
December 5, 2016: Needham raised Quantenna Communications to a Strong Buy rating from Buy, and sets a price target of $25. Needham is one of several analysts who are bullish on Quantenna Communications.
November 22, 2016: Roth Capital initiates Quantenna Communications with a Buy rating, and sets a price target of $25. Roth Capital says Quantenna Communications represents a differentiated investment opportunity in wireless connectivity infrastructure semiconductors.
November 22, 2016: William Blair initiates coverage of Quantenna Communications with an Outperform rating.
November 21, 2016: Deutsche Bank initiates coverage of Quantenna Communications with a Buy rating, and sets a price target of $25. Deutsche Bank says that the company’s WLAN technology leadership can drive strong revenue growth, operating leverage and EPS improvement in a somewhat growth-starved, maturing and consolidating semi-industry.
Quantenna Communications Stock Chart
Quantenna Communications makes wireless communication solutions enabling wireless local area networking for the telecommunications service provider market in the United States and internationally. Its solutions portfolio comprised of radio frequency chips and digital baseband chips, which support the IEEE Wi-Fi standards, including 802.11n and 802.11ac.
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