Aquantia Corp (AQ) Receives a Buy from Rosenblatt Securities


In a report released today, Hans Mosesmann from Rosenblatt Securities maintained a Buy rating on Aquantia Corp (AQ). The company’s shares closed on Friday at $9.56.

According to TipRanks.com, Mosesmann is a 5-star analyst with an average return of 13.3% and a 60.1% success rate. Mosesmann covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, Lattice Semicon, and Inphi Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Aquantia Corp with a $10.13 average price target.

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Based on Aquantia Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $5.51 million. In comparison, last year the company had a GAAP net loss of $1.37 million.

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Aquantia Corp. engages in design, development, and marketing of communications integrated circuits for ethernet connectivity in the data center, enterprise infrastructure, and access markets. Its products include Aquantia AQrate PHYs, Multi-Gig Phys, and AQtion AQC107.

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