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.

Earnings History for Sequans Communications (NYSE:SQNS)

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