Equities analysts expect Aquantia Corp (NYSE:AQ) to post sales of $30.00 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Aquantia’s earnings. The business is scheduled to announce its next earnings results after the market closes on Wednesday, July 25th.
On average, analysts expect that Aquantia will report full year sales of $126.90 million for the current financial year, with estimates ranging from $124.50 million to $128.27 million. For the next fiscal year, analysts forecast that the business will report sales of $154.17 million per share, with estimates ranging from $150.00 million to $157.52 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Aquantia.
Get Aquantia alerts:Aquantia (NYSE:AQ) last announced its earnings results on Thursday, April 26th. The company reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04). The business had revenue of $28.36 million during the quarter, compared to analysts’ expectations of $27.67 million.
A number of equities analysts have recently weighed in on AQ shares. ValuEngine upgraded Aquantia from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. Northland Securities initiated coverage on Aquantia in a research note on Wednesday. They issued an “outperform” rating and a $16.50 price objective on the stock. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $15.08.
Shares of NYSE AQ traded down $0.07 during midday trading on Friday, reaching $13.44. The company’s stock had a trading volume of 258,800 shares, compared to its average volume of 430,937. Aquantia has a 12-month low of $9.01 and a 12-month high of $18.49. The company has a market capitalization of $439.33 million and a PE ratio of -28.00.
About Aquantia
Aquantia Corp., together with its subsidiaries, designs, develops, and markets advanced high-speed communication integrated circuits for Ethernet connectivity in the data center, enterprise infrastructure, and access markets worldwide. Its products include corporate and cloud data center products; enterprise infrastructure products; and access products, such as client connectivity and carrier access.
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