Quantenna (QTNA): First Big Hiccup, PT to $20 - Needham

Needham & Company analyst, Quinn Bolton, reiterated his Strong Buy rating on shares of Quantenna Communications (NASDAQ: QTNA) and cut his price target to $20 from $26 after 3Q17 results were in line but 4Q17 guidance fell well short of expectations.

The analyst stated that the results "reflecting a trifecta of nearterm issues including a delay in the roll-out of Wave 3 solutions at a leading cable MSO, lumpiness in Wave 2 order patterns at another large service provider and a faster than expected roll-off of 802.11n revenue".

For an analyst ratings summary and ratings history on Quantenna Communications click here. For more ratings news on Quantenna Communications click here.

Shares of Quantenna Communications closed at $14.87 yesterday.

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