Media stories about Sequans Communications (NYSE:SQNS) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. 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 media sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 45.5100272461496 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
Several research firms recently commented on SQNS. B. Riley dropped their price target on shares of Sequans Communications from $2.75 to $2.50 and set a “buy” rating on the stock in a research report on Monday. Canaccord Genuity restated a “buy” rating and set a $3.75 price target on shares of Sequans Communications in a research report on Wednesday, January 17th. Roth Capital began coverage on shares of Sequans Communications in a research report on Friday, January 5th. They set a “buy” rating and a $4.00 price target on the stock. Needham & Company LLC restated a “buy” rating and set a $3.00 price target on shares of Sequans Communications in a research report on Monday, January 22nd. Finally, Zacks Investment Research lowered shares of Sequans Communications from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 20th. Three investment analysts have rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $3.75.
Shares of Sequans Communications (NYSE:SQNS) traded up $0.08 during midday trading on Wednesday, hitting $1.57. 416,237 shares of the stock traded hands, compared to its average volume of 531,066. Sequans Communications has a 1-year low of $1.44 and a 1-year high of $4.75. The firm has a market capitalization of $123.55, a price-to-earnings ratio of -5.06 and a beta of 2.36. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 0.80.
Sequans Communications (NYSE:SQNS) last announced its earnings results on Tuesday, February 13th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 business had revenue of $11.30 million for the quarter, compared to analyst estimates of $11.20 million. During the same quarter last year, the business earned ($0.06) earnings per share. The company’s revenue for the quarter was down 19.3% compared to the same quarter last year. equities analysts expect that Sequans Communications will post -0.28 EPS for the current fiscal year.
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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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