Media stories about Sequans Communications (NYSE:SQNS) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sequans Communications earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action against Sequans Communications S.A. and Certain Officers – SQNS (forextv.com)
- The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Sequans Communications S.A. Investors and Encourages Investors to Contact the Firm (finance.yahoo.com)
- IMPORTANT INVESTOR ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Sequans Communications S.A. and Encourages Investors with Losses to Contact the Firm (finance.yahoo.com)
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sequans Communications S.A. – SQNS (finance.yahoo.com)
- SHAREHOLDER ALERT: Goldberg Law PC Announces the Filing of a Securities Class Action Lawsuit against Sequans Communications S.A. (finance.yahoo.com)
Several brokerages have recently issued reports on SQNS. Zacks Investment Research raised Sequans Communications from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a report on Thursday, May 4th. Benchmark Co. increased their price target on Sequans Communications from $4.00 to $5.70 and gave the company a “buy” rating in a report on Monday, May 22nd. ValuEngine upgraded Sequans Communications from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded Sequans Communications from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Canaccord Genuity increased their price target on Sequans Communications from $5.00 to $6.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $4.87.
Shares of Sequans Communications (SQNS) traded down 0.38% during midday trading on Friday, reaching $2.65. The company had a trading volume of 149,405 shares. The company’s market capitalization is $211.37 million. The company’s 50 day moving average price is $3.39 and its 200-day moving average price is $3.26. Sequans Communications has a 52 week low of $1.60 and a 52 week high of $4.75.
Sequans Communications (NYSE:SQNS) last posted its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The company had revenue of $13.22 million for the quarter, compared to analysts’ expectations of $14.48 million. Sequans Communications had a negative net margin of 42.44% and a negative return on equity of 212.46%. The firm’s revenue was up 33.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.10) earnings per share. On average, equities research analysts predict that Sequans Communications will post ($0.22) earnings per share for the current fiscal year.
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About Sequans Communications
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.
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