According to Zacks, “Sequans Communications S.A., operates as a fabless designer, developer and supplier of 4G semiconductor solutions for wireless broadband applications. Solutions offered by the Company include baseband processor and radio frequency, or RF, transceiver integrated circuits, or ICs, along with signal processing techniques, algorithms and software stacks. Its solutions can be applied in devices like: smartphones; USB dongles; portable routers; embedded wireless modems for laptops, netbooks, tablets, and other consumer multimedia and industrial devices; consumer premises equipment, or CPE, such as residential gateways; and basestations. Sequans Communications S.A. is based in Paris, France. “
Other analysts have also issued research reports about the stock. B. Riley reaffirmed a buy rating and set a $3.00 price objective on shares of Sequans Communications SA in a report on Wednesday, September 21st. Needham & Company LLC reissued a buy rating and set a $3.00 price target on shares of Sequans Communications SA in a research note on Monday, September 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $3.00.
Shares of Sequans Communications SA (NYSE:SQNS) opened at 1.65 on Wednesday. The firm’s 50-day moving average is $1.83 and its 200 day moving average is $2.16. Sequans Communications SA has a 52 week low of $0.97 and a 52 week high of $3.00. The firm’s market capitalization is $97.90 million.
Sequans Communications SA (NYSE:SQNS) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.01. The firm had revenue of $9.90 million for the quarter, compared to analyst estimates of $10.95 million. Sequans Communications SA had a negative return on equity of 1,338.66% and a negative net margin of 66.61%. The business’s quarterly revenue was up 32.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) EPS. Equities research analysts forecast that Sequans Communications SA will post ($0.35) EPS for the current fiscal year.
About Sequans Communications SA
Sequans Communications SA is a fabless designer, developer and supplier of fourth Generation long term evolution (4G LTE) semiconductor solutions for wireless broadband applications, with a specific focus on the single-mode device market. Its semiconductor solutions integrate baseband processor and radio frequency (RF) transceiver integrated circuits (ICs) along with its signal processing techniques, algorithms and software stacks.
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