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Sequans Communications (NASDAQ:SQNS) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of ($0.14)-(0.12) for the period, compared to the Thomson Reuters consensus estimate of ($0.15), AnalystRatings.Net reports. The company issued revenue guidance of $4.5-5.5 million, compared to the consensus revenue estimate of $4.38 million.

Sequans Communications (NASDAQ:SQNS) opened at 2.555 on Thursday. Sequans Communications has a 52-week low of $1.44 and a 52-week high of $2.95. The stock’s 50-day moving average is $2.16 and its 200-day moving average is $2.1. The company’s market cap is $114.2 million.

Sequans Communications (NASDAQ:SQNS) last announced its earnings results on Thursday, February 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.01. The company had revenue of $5.00 million for the quarter, compared to the consensus estimate of $5.02 million. During the same quarter in the prior year, the company posted ($0.28) earnings per share. The company’s quarterly revenue was up 61.3% on a year-over-year basis. Analysts expect that Sequans Communications will post $-0.80 EPS for the current fiscal year.

SQNS has been the subject of a number of recent research reports. Analysts at Robert W. Baird upgraded shares of Sequans Communications from a neutral rating to an outperform rating in a research note to investors on Thursday, January 30th. They now have a $5.00 price target on the stock, up previously from $2.00. Analysts at Craig Hallum initiated coverage on shares of Sequans Communications in a research note to investors on Thursday, December 19th. They set a buy rating on the stock.

Sequans Communications SA (NASDAQ:SQNS) is a fabless designer, developer and supplier of fourth generation (4G) semiconductor solutions for wireless broadband applications.

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