Somewhat Positive Media Coverage Somewhat Unlikely to Affect Sequans Communications (SQNS) Share Price

News stories about Sequans Communications (NYSE:SQNS) have trended somewhat positive on Monday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sequans Communications earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 45.3492250105962 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Sequans Communications (NYSE:SQNS) traded up $0.02 during midday trading on Monday, reaching $1.88. The company’s stock had a trading volume of 203,200 shares, compared to its average volume of 461,525. 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 has a 12-month low of $1.65 and a 12-month high of $4.75.

Sequans Communications (NYSE:SQNS) last released its earnings results on Tuesday, October 31st. The semiconductor company reported ($0.07) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.07). The firm had revenue of $11.30 million for the quarter, compared to analysts’ expectations of $11.08 million. Sequans Communications had a negative return on equity of 256.90% and a negative net margin of 46.93%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) EPS. equities analysts expect that Sequans Communications will post -0.27 EPS for the current year.

SQNS has been the topic of several recent analyst reports. B. Riley reiterated a “buy” rating and set a $5.50 price objective on shares of Sequans Communications in a report on Monday, August 7th. Needham & Company LLC restated a “buy” rating and issued a $3.00 target price (down previously from $4.00) on shares of Sequans Communications in a research note on Wednesday, October 4th. Northland Securities restated a “buy” rating and issued a $5.00 target price on shares of Sequans Communications in a research note on Friday, September 22nd. Canaccord Genuity restated a “buy” rating on shares of Sequans Communications in a research note on Wednesday, September 13th. Finally, Benchmark cut their target price on Sequans Communications from $5.50 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $3.96.

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Sequans Communications Company Profile

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.

Insider Buying and Selling by Quarter for Sequans Communications (NYSE:SQNS)

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