Sequans Communications (NYSE:SQNS) announced its earnings results on Tuesday. The semiconductor company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01), Fidelity Earnings reports. Sequans Communications had a negative net margin of 67.53% and a negative return on equity of 298.34%. The firm had revenue of $10.30 million for the quarter, compared to analyst estimates of $14.25 million. During the same period in the previous year, the company earned ($0.07) EPS. Sequans Communications’s revenue was down 8.8% compared to the same quarter last year.
Shares of Sequans Communications stock remained flat at $$1.03 during mid-day trading on Wednesday. The company’s stock had a trading volume of 641,985 shares, compared to its average volume of 92,792. Sequans Communications has a fifty-two week low of $1.02 and a fifty-two week high of $2.61. The firm has a market capitalization of $107.23 million, a PE ratio of -3.31 and a beta of 2.10. The company has a quick ratio of 0.88, a current ratio of 1.06 and a debt-to-equity ratio of 0.65.
A number of equities analysts have commented on the company. B. Riley reduced their target price on Sequans Communications from $2.25 to $1.65 and set a “buy” rating for the company in a report on Wednesday. Canaccord Genuity reduced their target price on Sequans Communications from $3.00 to $2.50 and set a “buy” rating for the company in a report on Wednesday. Zacks Investment Research cut Sequans Communications from a “hold” rating to a “sell” rating in a report on Friday, July 6th. Finally, Needham & Company LLC reduced their target price on Sequans Communications from $3.00 to $2.50 and set a “buy” rating for the company in a report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price 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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