B. Riley Equities Analysts Boost Earnings Estimates for Sequans Communications SA (SQNS)

Sequans Communications SA (NYSE:SQNS) – Analysts at B. Riley increased their Q1 2018 EPS estimates for Sequans Communications in a research note issued to investors on Monday. B. Riley analyst C. Ellis now expects that the semiconductor company will post earnings of ($0.07) per share for the quarter, up from their previous forecast of ($0.08). B. Riley has a “Buy” rating and a $2.75 price objective on the stock. B. Riley also issued estimates for Sequans Communications’ FY2018 earnings at ($0.23) EPS, Q2 2019 earnings at ($0.04) EPS, Q3 2019 earnings at ($0.03) EPS, Q4 2019 earnings at ($0.02) EPS and FY2019 earnings at ($0.13) EPS.

SQNS has been the subject of several other research reports. Canaccord Genuity restated a “buy” rating and issued a $3.75 price objective on shares of Sequans Communications in a research note on Wednesday, January 17th. Zacks Investment Research downgraded shares of Sequans Communications from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 20th. Needham & Company LLC restated a “buy” rating and issued a $3.00 price objective on shares of Sequans Communications in a research note on Monday, January 22nd. Finally, Roth Capital assumed coverage on shares of Sequans Communications in a research note on Friday, January 5th. They issued a “buy” rating and a $4.00 price objective for the company. Three research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $3.79.

Sequans Communications (NYSE SQNS) opened at $1.49 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 0.80. Sequans Communications has a 12 month low of $1.44 and a 12 month high of $4.75. The stock has a market cap of $120.38, a price-to-earnings ratio of -4.81 and a beta of 2.36.

Sequans Communications (NYSE:SQNS) last released its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). Sequans Communications had a negative net margin of 46.93% and a negative return on equity of 256.90%. The company had revenue of $11.30 million during the quarter, compared to the consensus estimate of $11.20 million. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. Sequans Communications’s revenue for the quarter was down 19.3% on a year-over-year basis.

Several institutional investors and hedge funds have recently made changes to their positions in the company. AWM Investment Company Inc. boosted its stake in shares of Sequans Communications by 5.6% during the second quarter. AWM Investment Company Inc. now owns 7,727,240 shares of the semiconductor company’s stock worth $25,577,000 after buying an additional 407,010 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Sequans Communications by 18.5% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 918,053 shares of the semiconductor company’s stock worth $2,883,000 after buying an additional 143,203 shares during the period. Granite Point Capital Management L.P. boosted its stake in shares of Sequans Communications by 47.9% during the third quarter. Granite Point Capital Management L.P. now owns 339,700 shares of the semiconductor company’s stock worth $1,067,000 after buying an additional 110,000 shares during the period. FNY Managed Accounts LLC boosted its stake in shares of Sequans Communications by 342.4% during the third quarter. FNY Managed Accounts LLC now owns 180,060 shares of the semiconductor company’s stock worth $565,000 after buying an additional 139,360 shares during the period. Finally, Gradient Investments LLC boosted its stake in shares of Sequans Communications by 47.2% during the fourth quarter. Gradient Investments LLC now owns 165,825 shares of the semiconductor company’s stock worth $317,000 after buying an additional 53,184 shares during the period. Institutional investors and hedge funds own 30.38% of the company’s stock.

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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.

Earnings History and Estimates for Sequans Communications (NYSE:SQNS)

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