Brokerages predict that Sequans Communications SA (NYSE:SQNS) will report sales of $12.00 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Sequans Communications’ earnings. Sequans Communications posted sales of $8.10 million in the same quarter last year, which suggests a positive year-over-year growth rate of 48.1%. The company is scheduled to report its next earnings results on Tuesday, August 4th.
On average, analysts expect that Sequans Communications will report full-year sales of $51.80 million for the current fiscal year, with estimates ranging from $49.00 million to $54.20 million. For the next financial year, analysts anticipate that the business will report sales of $79.24 million, with estimates ranging from $66.82 million to $90.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Sequans Communications.
Sequans Communications (NYSE:SQNS) last posted its quarterly earnings data on Thursday, April 23rd. The semiconductor company reported ($0.36) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.07. The firm had revenue of $8.77 million for the quarter, compared to analyst estimates of $8.73 million.
A number of equities analysts have recently weighed in on the stock. B. Riley started coverage on shares of Sequans Communications in a research report on Tuesday, June 23rd. They set a “buy” rating and a $12.00 price target on the stock. ValuEngine upgraded shares of Sequans Communications from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Needham & Company LLC started coverage on shares of Sequans Communications in a report on Wednesday, May 20th. They set a “buy” rating and a $7.50 price objective on the stock. Canaccord Genuity restated a “buy” rating and set a $8.00 price objective (up from $7.00) on shares of Sequans Communications in a report on Thursday, April 23rd. Finally, Zacks Investment Research upgraded shares of Sequans Communications from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a report on Saturday, May 30th. Seven equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $9.21.
A hedge fund recently bought a new stake in Sequans Communications stock. Roubaix Capital LLC purchased a new stake in shares of Sequans Communications SA (NYSE:SQNS) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 83,457 shares of the semiconductor company’s stock, valued at approximately $425,000. Roubaix Capital LLC owned about 0.35% of Sequans Communications as of its most recent SEC filing. Institutional investors and hedge funds own 41.50% of the company’s stock.
Shares of NYSE SQNS opened at $6.03 on Tuesday. The company’s fifty day moving average is $5.46 and its 200-day moving average is $4.91. The stock has a market cap of $140.59 million, a price-to-earnings ratio of -3.97 and a beta of 1.38. Sequans Communications has a twelve month low of $1.68 and a twelve month high of $7.59.
About Sequans Communications
Sequans Communications SA, together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband and Internet of Things applications. Its solutions incorporate baseband processor and radio frequency (RF) transceiver integrated circuits along with proprietary signal processing techniques, algorithms, and software stacks.
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