Sequans Communications SA Now Covered by Northland Securities (SQNS)
Northland Securities initiated coverage on shares of Sequans Communications SA (NASDAQ:SQNS) in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $3.00 price target on the stock. Northland Securities’ target price suggests a potential upside of 42.86% from the company’s current price.
Separately, analysts at Natixis cut their price target on shares of Sequans Communications SA from $1.80 to $1.50 in a research note on Monday, July 28th. Four research analysts have rated the stock with a buy rating, Sequans Communications SA currently has a consensus rating of “Buy” and a consensus price target of $3.00.
Sequans Communications SA (NASDAQ:SQNS) opened at 2.10 on Thursday. Sequans Communications SA has a 52-week low of $1.42 and a 52-week high of $3.40. The stock has a 50-day moving average of $1.79 and a 200-day moving average of $2.11. The company’s market cap is $124.2 million.
Sequans Communications SA (NASDAQ:SQNS) last announced its earnings results on Thursday, July 24th. The company reported ($0.14) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.14). The company had revenue of $5.10 million for the quarter, compared to the consensus estimate of $5.53 million. The company’s quarterly revenue was up 13.3% on a year-over-year basis. On average, analysts predict that Sequans Communications SA will post $-0.51 earnings per share for the current fiscal year.
Sequans Communications SA (NASDAQ:SQNS) is a fabless designer, developer and supplier of fourth generation (4G) long term evolution (LTE) and Worldwide Interoperability for Microwave Access (WiMAX) semiconductor solutions for wireless broadband applications.
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