Sequans Communications (NYSE:SQNS) Issues Earnings Results, Misses Expectations By $0.01 EPS

Sequans Communications (NYSE:SQNS) announced its quarterly earnings results on Wednesday. The semiconductor company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01), Fidelity Earnings reports. Sequans Communications had a negative return on equity of 5,057.55% and a negative net margin of 120.67%. The business had revenue of $7.47 million during the quarter, compared to analysts’ expectations of $9.88 million.

SQNS opened at $0.69 on Friday. Sequans Communications has a 12-month low of $0.67 and a 12-month high of $1.30. The stock has a fifty day simple moving average of $0.85 and a two-hundred day simple moving average of $0.93. The company has a market cap of $84.61 million, a price-to-earnings ratio of -1.92 and a beta of 2.69.

A number of equities analysts have issued reports on the company. Roth Capital increased their price objective on Sequans Communications from $2.50 to $3.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. ValuEngine downgraded Sequans Communications from a “hold” rating to a “sell” rating in a report on Saturday, October 5th. Finally, Zacks Investment Research upgraded Sequans Communications from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $2.38.

Sequans Communications Company Profile

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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Earnings History for Sequans Communications (NYSE:SQNS)

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