Sequans Communications S.A. (SQNS) to Release Earnings on Tuesday
Sequans Communications S.A. (NYSE:SQNS) is scheduled to be releasing its earnings data before the market opens on Tuesday, October 31st. Analysts expect Sequans Communications to post earnings of ($0.06) per share for the quarter. Sequans Communications has set its Q3 guidance at ($0.07-0.05) EPS.
Sequans Communications (NYSE:SQNS) last announced its earnings results on Tuesday, August 1st. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.01). The business 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%. The company’s revenue was up 33.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.10) EPS. On average, analysts expect Sequans Communications to post $-0.26 EPS for the current fiscal year and $-0.15 EPS for the next fiscal year.
Shares of Sequans Communications S.A. (SQNS) opened at 1.88 on Tuesday. Sequans Communications S.A. has a 12 month low of $1.65 and a 12 month high of $4.75. The company’s market cap is $149.95 million. The stock has a 50 day moving average of $2.72 and a 200-day moving average of $3.33.
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A number of research firms have weighed in on SQNS. B. Riley reaffirmed a “buy” rating and set a $5.50 target price on shares of Sequans Communications in a report on Wednesday, August 30th. ValuEngine lowered Sequans Communications from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Canaccord Genuity reaffirmed a “buy” rating and set a $4.25 target price (down previously from $6.00) on shares of Sequans Communications in a report on Thursday, October 5th. BidaskClub raised Sequans Communications from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Benchmark Co. reduced their target price on Sequans Communications from $5.50 to $4.00 and set a “buy” rating for the company in a report on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $3.96.
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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