Sequans Communications (NYSE:SQNS) posted its quarterly earnings results on Tuesday. The semiconductor company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.01), Fidelity Earnings reports. The company had revenue of $10.30 million during the quarter, compared to analysts’ expectations of $14.25 million. Sequans Communications had a negative return on equity of 305.89% and a negative net margin of 75.61%. The company’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.07) EPS.
NYSE:SQNS opened at $1.05 on Thursday. Sequans Communications has a fifty-two week low of $1.00 and a fifty-two week high of $2.61. The stock has a market capitalization of $81.63 million, a PE ratio of -3.39 and a beta of 2.10. The company has a current ratio of 1.06, a quick ratio of 0.88 and a debt-to-equity ratio of 0.65.
A number of research analysts have commented on SQNS shares. Zacks Investment Research downgraded shares of Sequans Communications from a “hold” rating to a “sell” rating in a research report on Friday, July 6th. Needham & Company LLC cut their target price on shares of Sequans Communications from $3.00 to $2.50 and set a “buy” rating on the stock in a research report on Wednesday, August 1st. Canaccord Genuity cut their target price on shares of Sequans Communications from $3.00 to $2.50 and set a “buy” rating on the stock in a research report on Wednesday. Finally, B. Riley cut their target price on shares of Sequans Communications from $2.25 to $1.65 and set a “buy” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $2.66.
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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