Sequans Communications (SQNS) to Release Earnings on Tuesday

Sequans Communications (NYSE:SQNS) will be posting its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect Sequans Communications to post earnings of ($0.45) per share for the quarter.

Sequans Communications (NYSE:SQNS) last released its quarterly earnings results on Friday, August 23rd. The semiconductor company reported ($0.30) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.30). The firm had revenue of $9.68 million for the quarter, compared to analyst estimates of $9.70 million. On average, analysts expect Sequans Communications to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Sequans Communications Trading Up 8.3 %

Shares of NYSE SQNS opened at $2.60 on Friday. The stock has a market cap of $64.66 million, a price-to-earnings ratio of -1.62 and a beta of 0.28. The company’s 50-day moving average price is $2.52 and its 200 day moving average price is $1.78. Sequans Communications has a 52 week low of $0.85 and a 52 week high of $7.43.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SQNS shares. StockNews.com upgraded Sequans Communications from a “sell” rating to a “hold” rating in a research report on Wednesday. Roth Mkm reiterated a “buy” rating and set a $7.50 price objective on shares of Sequans Communications in a research report on Monday, August 26th.

Sequans Communications Company Profile

Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.