News articles about Sequans Communications (NYSE:SQNS) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sequans Communications earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 45.0152727740032 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Sequans Communications (SQNS) traded up 8.74% during mid-day trading on Friday, hitting $1.99. The company had a trading volume of 600,304 shares. The firm has a 50-day moving average price of $2.60 and a 200-day moving average price of $3.30. Sequans Communications has a 52 week low of $1.65 and a 52 week high of $4.75. The firm’s market capitalization is $158.73 million.
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 Thomson Reuters’ consensus estimate of ($0.06) by ($0.01). Sequans Communications had a negative net margin of 42.44% and a negative return on equity of 212.46%. The company had revenue of $13.22 million during the quarter, compared to analyst estimates of $14.48 million. During the same quarter last year, the business earned ($0.10) EPS. The firm’s revenue for the quarter was up 33.8% compared to the same quarter last year. Equities analysts forecast that Sequans Communications will post ($0.27) earnings per share for the current year.
A number of equities research analysts recently weighed in on the company. BidaskClub upgraded Sequans Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Northland Securities restated a “buy” rating and set a $5.00 target price on shares of Sequans Communications in a research report on Friday, September 22nd. B. Riley reaffirmed a “buy” rating and set a $5.50 price target on shares of Sequans Communications in a research note on Friday, August 25th. Zacks Investment Research raised Sequans Communications from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Sequans Communications in a research note on Wednesday, September 13th. Three analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. Sequans Communications has an average rating of “Hold” and a consensus price target of $3.96.
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About Sequans Communications
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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