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.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another publication, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/04/sequans-communications-s-a-sqns-issues-q3-earnings-guidance.html.

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.

Receive News & Ratings for Sequans Communications S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sequans Communications S.A. and related companies with MarketBeat.com's FREE daily email newsletter.