Brokerages expect Sequans Communications S.A. (NYSE:SQNS) to report $16.05 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Sequans Communications’ earnings, with the lowest sales estimate coming in at $16.00 million and the highest estimate coming in at $16.10 million. Sequans Communications reported sales of $12.46 million during the same quarter last year, which would suggest a positive year over year growth rate of 28.8%. The business is scheduled to issue its next quarterly earnings report on Thursday, October 26th.

On average, analysts expect that Sequans Communications will report full year sales of $16.05 million for the current fiscal year, with estimates ranging from $59.00 million to $66.40 million. For the next financial year, analysts anticipate that the business will post sales of $91.90 million per share, with estimates ranging from $80.00 million to $111.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Sequans Communications.

Sequans Communications (NYSE:SQNS) last posted its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.01. Sequans Communications had a negative return on equity of 212.46% and a negative net margin of 42.44%. The company had revenue of $13.22 million for the quarter, compared to analysts’ expectations of $14.48 million. During the same quarter last year, the business posted ($0.10) EPS. The business’s quarterly revenue was up 33.8% on a year-over-year basis.

A number of equities analysts recently issued reports on the stock. ValuEngine upgraded shares of Sequans Communications from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. B. Riley restated a “buy” rating and set a $6.00 target price on shares of Sequans Communications in a research note on Saturday, June 24th. Benchmark Co. upped their target price on shares of Sequans Communications from $4.00 to $5.70 and gave the company a “buy” rating in a research note on Monday, May 22nd. Zacks Investment Research upgraded shares of Sequans Communications from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research note on Thursday, May 4th. Finally, BidaskClub upgraded shares of Sequans Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Sequans Communications currently has an average rating of “Buy” and an average target price of $4.87.

A number of institutional investors have recently bought and sold shares of the stock. Granite Point Capital Management L.P. bought a new position in Sequans Communications during the first quarter valued at about $138,000. Gilder Gagnon Howe & Co. LLC bought a new position in Sequans Communications during the first quarter valued at about $191,000. FNY Partners Fund LP boosted its position in Sequans Communications by 657.3% in the first quarter. FNY Partners Fund LP now owns 71,939 shares of the semiconductor company’s stock valued at $197,000 after buying an additional 62,439 shares in the last quarter. Kennedy Capital Management Inc. bought a new position in Sequans Communications during the first quarter valued at about $545,000. Finally, Driehaus Capital Management LLC bought a new position in Sequans Communications during the first quarter valued at about $962,000. Institutional investors and hedge funds own 34.02% of the company’s stock.

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Shares of Sequans Communications (NYSE SQNS) opened at 2.79 on Monday. The company’s 50-day moving average is $3.65 and its 200-day moving average is $3.26. The stock’s market cap is $222.54 million. Sequans Communications has a 12-month low of $1.60 and a 12-month high of $4.75.

Sequans Communications 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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