Sequans Communications SA (SQNS) Rating Reiterated by Needham & Company LLC
Sequans Communications SA (NYSE:SQNS)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a note issued to investors on Monday. They presently have a $3.00 price objective on the stock. Needham & Company LLC’s target price points to a potential upside of 70.45% from the stock’s current price.
A number of other analysts have also recently weighed in on the company. B. Riley reissued a “buy” rating and issued a $3.00 price objective on shares of Sequans Communications SA in a research report on Friday, September 16th. Zacks Investment Research cut Sequans Communications SA from a “hold” rating to a “sell” rating in a research report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Sequans Communications SA presently has an average rating of “Buy” and an average target price of $3.00.
Shares of Sequans Communications SA (NYSE:SQNS) opened at 1.76 on Monday. The stock’s market cap is $104.42 million. The firm has a 50-day moving average price of $1.86 and a 200-day moving average price of $2.18. Sequans Communications SA has a 12 month low of $0.97 and a 12 month high of $3.00.
Sequans Communications SA (NYSE:SQNS) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.01. Sequans Communications SA had a negative net margin of 66.61% and a negative return on equity of 1,338.66%. The company earned $9.90 million during the quarter, compared to analysts’ expectations of $10.95 million. During the same quarter in the prior year, the business posted ($0.11) earnings per share. The company’s revenue was up 32.0% compared to the same quarter last year. Equities analysts forecast that Sequans Communications SA will post ($0.35) EPS for the current year.
About Sequans Communications SA
Sequans Communications SA is a fabless designer, developer and supplier of fourth Generation (4G) long term evolution (LTE) and worldwide interoperability for microwave access (WiMAX) semiconductor solutions for wireless mobile broadband applications, with a specific focus on the single-mode device market.
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