Zacks Investment Research upgraded shares of Sequans Communications SA (NYSE:SQNS) from a hold rating to a buy rating in a research report report published on Wednesday morning. They currently have $1.75 price target on the stock.
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. “
Several other research firms have also weighed in on SQNS. B. Riley reaffirmed a buy rating and issued a $3.30 price objective on shares of Sequans Communications SA in a research note on Thursday, July 28th. Needham & Company LLC reaffirmed a buy rating and issued a $3.00 price objective on shares of Sequans Communications SA in a research note on Monday, September 19th. Five equities research analysts have rated the stock with a buy rating, The stock has an average rating of Buy and an average target price of $3.05.
Sequans Communications SA (NYSE:SQNS) traded up 1.21% during trading on Wednesday, hitting $1.67. The stock had a trading volume of 19,439 shares. Sequans Communications SA has a 52 week low of $1.00 and a 52 week high of $3.00. The company’s market cap is $99.08 million. The company has a 50-day moving average of $1.81 and a 200 day moving average of $2.15.
Sequans Communications SA (NYSE:SQNS) last released its earnings results on Thursday, July 28th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.01. The company 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 revenue for the quarter was up 32.0% compared to the same quarter last year. During the same period last year, the company posted ($0.11) earnings per share. On average, equities research analysts anticipate that Sequans Communications SA will post ($0.35) EPS for the current year.
Sequans Communications SA Company Profile
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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