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Transaction Details

Company: Quantenna Communications
Ticker:QTNA
Yahoo Beta:1.03
Industry:Communications equipment

Company Description:  Quantenna Communications designs radio frequency chips for use in wi-fi enabled products. The company uses a fabless process for producing chips.

Purchase Date:25 Jan 2017 Sale Date:18 Oct 2017
Purchase Price:$19.15 Sale Price:$16.40
  --Split Adjusted:$19.15  --Split Adjusted:$16.40
Shares Purchased:100 Shares Sold:100
  --Split Adjusted:100  --Split Adjusted:100
Transaction Fee:$6.95 Transaction Fee:$4.99
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$23.49 High$0.00
Date06 Jan 2017 Date01 Jan 1996
Low$14.07 Low$0.00
Date04 Nov 2016 Date01 Jan 1996
S&P (Purchase Date):$2,294.09 S&P (Sale Date):$2,562.77

Purchase
Timing:  We bought in the middle of the six month range.
Reason:  Qunatenna has developed a chip that allows for HD video over multiple channels simultaneously allowing routers to process requests from multiple sources simultaneously. As the internet-of-things grows, demand for efficiently allocating bandwidth is growing. Qunatenna has established a strategy of being first to market with new technologies and has established good relationships with suppliers. The company is expected to reach profitability in 2017. Our analysts expect the price to rise significantly either as a result of profitability or as the result of a takeover bid.

Sale
Timing:  x
Reason:  Quantenna's current product offerings are not compatible with the most likely new IEEE standards for WiFi. WiFi products make up nearly all of Quantenna's sales. Quantenna has lower margins than its closest competitors. It is likely that QNTA would need to cut R&D to achieve industry-level margins, but this would impede the company's ability to maintain revenues.

S&P Gain: 11.71 % Annualized Gain: 16.41%
Stock Gain: -14.36 % Annualized Gain: -19.16%

Dividends:$0.00
Net Holding Return ($): $-286.94
Net Holding Return (%): -14.93 %