News coverage about Sequans Communications (NYSE:SQNS) has trended somewhat positive on Thursday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sequans Communications earned a news impact score of 0.08 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 45.7510353774848 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Sequans Communications traded down $0.05, hitting $1.92, on Thursday, MarketBeat Ratings reports. The company had a trading volume of 85,007 shares, compared to its average volume of 300,073. The company has a market cap of $154.45 million, a price-to-earnings ratio of -6.19 and a beta of 2.44. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.71. Sequans Communications has a 52 week low of $1.44 and a 52 week high of $4.35.
Sequans Communications (NYSE:SQNS) last issued its quarterly earnings data on Wednesday, May 2nd. The semiconductor company reported ($0.08) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.08). The business had revenue of $11.23 million during the quarter, compared to the consensus estimate of $11.23 million. Sequans Communications had a negative net margin of 62.26% and a negative return on equity of 243.68%. The firm’s revenue was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.06) EPS. analysts expect that Sequans Communications will post -0.25 EPS for the current year.
A number of brokerages have recently weighed in on SQNS. Zacks Investment Research downgraded shares of Sequans Communications from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine raised shares of Sequans Communications from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price target on shares of Sequans Communications in a report on Wednesday, May 2nd. Finally, B. Riley cut their price target on shares of Sequans Communications from $2.75 to $2.50 and set a “buy” rating for the company in a report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Sequans Communications has an average rating of “Buy” and a consensus target price of $3.75.
About Sequans Communications
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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