$27.67 Million in Sales Expected for Aquantia Corp (AQ) This Quarter

Wall Street analysts expect Aquantia Corp (NYSE:AQ) to announce sales of $27.67 million for the current quarter, according to Zacks. Two analysts have made estimates for Aquantia’s earnings. The highest sales estimate is $27.75 million and the lowest is $27.58 million. The business is expected to announce its next quarterly earnings report on Thursday, May 10th.

On average, analysts expect that Aquantia will report full-year sales of $27.67 million for the current fiscal year, with estimates ranging from $124.02 million to $127.84 million. For the next fiscal year, analysts forecast that the company will report sales of $152.57 million per share, with estimates ranging from $150.00 million to $157.68 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Aquantia.

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Aquantia (NYSE:AQ) last announced its quarterly earnings data on Thursday, February 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.03). The firm had revenue of $27.85 million for the quarter, compared to the consensus estimate of $27.10 million.

Several equities analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating on shares of Aquantia in a report on Wednesday. ValuEngine lowered shares of Aquantia from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Raymond James Financial assumed coverage on shares of Aquantia in a report on Tuesday, November 28th. They set an “outperform” rating and a $15.00 target price on the stock. Morgan Stanley assumed coverage on shares of Aquantia in a report on Tuesday, November 28th. They set an “overweight” rating and a $15.00 target price on the stock. Finally, Deutsche Bank assumed coverage on shares of Aquantia in a report on Tuesday, November 28th. They set a “buy” rating and a $15.00 target price on the stock. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $14.80.

AQ stock traded down $0.50 during trading hours on Thursday, hitting $17.33. 434,449 shares of the company traded hands, compared to its average volume of 448,125. Aquantia has a 1-year low of $9.01 and a 1-year high of $18.49.

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Aquantia Company Profile

Aquantia Corp is engaged in developing and supplying connectivity solutions for data centers, enterprise and wireless local area network (WLAN) applications. The Company offers 10 gigabyte Ethernet and Multi-Gig Ethernet Silicon product for data center and cloud, and the enterprise and WLAN markets. For data center and cloud market, it offers 10GBASE-T PHYs product line, which includes 28 nanometer technology products, such as AQ2402, AQ2403, AQ2203 and AQ2104; 40 nanometer technology products, such as AQ1402, AQ1202 and AQ1103, and 90 nanometer technology product, AQ1002.

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