Sequans Communications S.A. (NYSE:SQNS) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of ($0.07)-($0.06) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.06). The company issued revenue guidance of $11.0-11.2 million, compared to the consensus revenue estimate of $15.93 million.

A number of brokerages recently weighed in on SQNS. B. Riley reissued a buy rating and issued a $5.50 price objective on shares of Sequans Communications in a research note on Wednesday. BidaskClub cut Sequans Communications from a hold rating to a sell rating in a research report on Thursday, September 28th. Northland Securities reaffirmed a buy rating and set a $5.00 target price on shares of Sequans Communications in a research report on Friday, September 22nd. Canaccord Genuity reiterated a buy rating on shares of Sequans Communications in a report on Wednesday, September 13th. Finally, Zacks Investment Research upgraded Sequans Communications from a sell rating to a hold rating in a report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $4.89.

Sequans Communications S.A. (NYSE SQNS) opened at 3.06 on Wednesday. The company’s market capitalization is $244.07 million. The stock has a 50 day moving average price of $3.15 and a 200-day moving average price of $3.41. Sequans Communications S.A. has a 1-year low of $1.65 and a 1-year high of $4.75.

Sequans Communications (NYSE:SQNS) last released its earnings results on Tuesday, August 1st. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The firm had revenue of $13.22 million during the quarter, compared to the consensus estimate of $14.48 million. Sequans Communications had a negative net margin of 42.44% and a negative return on equity of 212.46%. Sequans Communications’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.10) earnings per share. Equities analysts predict that Sequans Communications S.A. will post ($0.22) earnings per share for the current year.

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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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