Somewhat Positive News Coverage Somewhat Unlikely to Impact Sequans Communications (SQNS) Share Price

Media headlines about Sequans Communications (NYSE:SQNS) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Sequans Communications earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 45.3620592901686 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of Sequans Communications (NYSE SQNS) remained flat at $$1.88 during trading on Friday. The company’s stock had a trading volume of 64,545 shares, compared to its average volume of 307,520. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 0.80. Sequans Communications has a twelve month low of $1.68 and a twelve month high of $4.75. The stock has a market capitalization of $150.10, a PE ratio of -6.06 and a beta of 2.37.

Sequans Communications (NYSE:SQNS) last announced its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). Sequans Communications had a negative net margin of 46.93% and a negative return on equity of 256.90%. The firm had revenue of $11.30 million during the quarter, compared to analysts’ expectations of $11.08 million. During the same period in the prior year, the company earned ($0.07) EPS. The firm’s revenue was down 9.6% on a year-over-year basis. analysts predict that Sequans Communications will post -0.27 EPS for the current year.

A number of analysts have recently commented on the company. Zacks Investment Research downgraded Sequans Communications from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Robert W. Baird decreased their price target on shares of Sequans Communications from $5.00 to $4.00 and set an “outperform” rating for the company in a research report on Tuesday, October 10th. Northland Securities reaffirmed a “buy” rating and set a $5.00 price target on shares of Sequans Communications in a research report on Friday, September 22nd. B. Riley reaffirmed a “buy” rating and set a $5.50 price target on shares of Sequans Communications in a research report on Wednesday, August 30th. Finally, BidaskClub raised shares of Sequans Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.96.

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Sequans Communications Company Profile

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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