Quantenna Communications (QTNA) Gets a Buy Rating from Northland Securities


Northland Securities analyst Gus Richard reiterated a Buy rating on Quantenna Communications (QTNA) on November 28 and set a price target of $23. The company’s shares closed yesterday at $14.65.

According to TipRanks.com, Richard is a 5-star analyst with an average return of 22.0% and a 65.3% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Applied Optoelectronics, and Akoustis Technologies.

Quantenna Communications has an analyst consensus of Strong Buy, with a price target consensus of $21.80.

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Based on Quantenna Communications’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $3.88 million. In comparison, last year the company had a net profit of $2.8 million.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is neutral on the stock.

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Quantenna Communications, Inc. designs, develops, and markets the advanced high-speed wireless communication solutions enabling wireless local area networking. It creates disruptive next generation multiple input multiple output based wireless chips with size, power, and performance characteristics.

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