Brokerages expect Sequans Communications SA (NYSE:SQNS) to announce sales of $8.79 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Sequans Communications’ earnings, with the lowest sales estimate coming in at $8.07 million and the highest estimate coming in at $9.50 million. Sequans Communications posted sales of $6.07 million in the same quarter last year, which would indicate a positive year over year growth rate of 44.8%. The company is scheduled to issue its next quarterly earnings results on Tuesday, February 18th.
According to Zacks, analysts expect that Sequans Communications will report full-year sales of $31.39 million for the current fiscal year, with estimates ranging from $30.68 million to $32.10 million. For the next financial year, analysts forecast that the business will report sales of $53.51 million, with estimates ranging from $46.31 million to $60.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Sequans Communications.
Sequans Communications (NYSE:SQNS) last issued its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.28) by ($0.04). The business had revenue of $7.47 million during the quarter, compared to the consensus estimate of $9.88 million. Sequans Communications had a negative return on equity of 5,040.51% and a negative net margin of 128.30%.
A number of brokerages have recently weighed in on SQNS. Canaccord Genuity reiterated a “buy” rating and issued a $6.00 price objective on shares of Sequans Communications in a research report on Friday, November 29th. Zacks Investment Research upgraded Sequans Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, ValuEngine upgraded Sequans Communications from a “hold” rating to a “buy” rating in a research report on Friday, November 29th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Sequans Communications currently has an average rating of “Buy” and a consensus target price of $8.33.
Shares of SQNS stock traded down $0.21 during trading hours on Friday, reaching $3.14. The company’s stock had a trading volume of 55,712 shares, compared to its average volume of 136,596. The stock has a market capitalization of $79.61 million, a P/E ratio of -2.18 and a beta of 2.65. Sequans Communications has a one year low of $1.68 and a one year high of $5.20. The firm’s fifty day simple moving average is $1.36 and its 200 day simple moving average is $1.01.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SQNS. AWM Investment Company Inc. raised its stake in Sequans Communications by 1.7% during the second quarter. AWM Investment Company Inc. now owns 9,370,202 shares of the semiconductor company’s stock valued at $8,466,000 after buying an additional 155,418 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Sequans Communications during the third quarter valued at $112,000. Finally, Citadel Advisors LLC raised its stake in Sequans Communications by 127.0% during the second quarter. Citadel Advisors LLC now owns 65,312 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 36,546 shares during the last quarter.
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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