An investigation on behalf of investors of Quantenna Communications Inc (NASDAQ:QTNA) shares over potential securities laws violations by Quantenna Communications and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Quantenna Communications Inc (NASDAQ:QTNA) concerning whether a series of statements by Quantenna Communications regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Fremont, CA based Quantenna Communications Inc is engaged in the design, development and marketing of wireless communication solutions enabling wireless local area networking. Quantenna Communications Inc reported that its annual Total Revenue rose from $83.77 million in 2015 to $129.07 million in 2016 and that its Net Loss declined from $7.04 million in 2015 to $1.90 million in 2016.

On November 6, 2017, Quantenna Communications Inc reported its third quarter 2017 financial results and announced that it expected delays in launching a service provider program as well as other near-term softness.

Shares of Quantenna Communications Inc (NASDAQ:QTNA) declined on November 7, 2017 to $9.60 per share.