Media coverage about Sequans Communications (NYSE:SQNS) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sequans Communications earned a news impact score of 0.07 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 46.1413615226374 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
SQNS has been the subject of several recent analyst reports. Canaccord Genuity reissued a “buy” rating and set a $3.75 target price on shares of Sequans Communications in a research note on Wednesday, January 17th. B. Riley initiated coverage on Sequans Communications in a research note on Wednesday, January 17th. They set a “buy” rating and a $3.25 target price for the company. Roth Capital initiated coverage on Sequans Communications in a research note on Friday, January 5th. They set a “buy” rating and a $4.00 target price for the company. Needham & Company LLC reissued a “buy” rating and set a $3.00 target price on shares of Sequans Communications in a research note on Monday, January 22nd. Finally, Zacks Investment Research raised Sequans Communications from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 17th. Three investment analysts have rated the stock with a sell rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $3.75.
Shares of SQNS traded up $0.03 during midday trading on Monday, hitting $1.67. 68,692 shares of the stock were exchanged, compared to its average volume of 321,786. Sequans Communications has a 52-week low of $1.44 and a 52-week high of $4.75. The firm has a market cap of $131.24, a P/E ratio of -5.39 and a beta of 2.36. The company has a quick ratio of 1.16, a current ratio of 1.42 and a debt-to-equity ratio of 4.12.
Sequans Communications (NYSE:SQNS) last released its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). Sequans Communications had a negative return on equity of 314.69% and a negative net margin of 54.20%. The business had revenue of $11.30 million during the quarter, compared to analyst estimates of $11.20 million. During the same period last year, the business posted ($0.06) earnings per share. The company’s quarterly revenue was down 19.3% on a year-over-year basis. sell-side analysts expect that Sequans Communications will post -0.24 earnings per share for the current year.
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About Sequans Communications
Sequans Communications SA, together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband 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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