Sequans Communications (SQNS) Given Coverage Optimism Rating of 0.11

Media stories about Sequans Communications (NYSE:SQNS) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sequans Communications earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 45.6544398107569 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

Several equities research analysts recently weighed in on SQNS shares. B. Riley restated a “buy” rating and issued a $5.50 price target on shares of Sequans Communications in a research report on Friday, August 25th. Canaccord Genuity boosted their price objective on shares of Sequans Communications from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Benchmark Co. boosted their price objective on shares of Sequans Communications from $4.00 to $5.70 and gave the company a “buy” rating in a research report on Monday, May 22nd. BidaskClub upgraded shares of Sequans Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research cut shares of Sequans Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $4.87.

Sequans Communications (NYSE SQNS) opened at 3.10 on Wednesday. The company’s market cap is $247.26 million. Sequans Communications has a 52-week low of $1.60 and a 52-week high of $4.75. The firm’s 50-day moving average is $3.05 and its 200-day moving average is $3.35.

Sequans Communications (NYSE:SQNS) last posted its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). Sequans Communications had a negative return on equity of 212.46% and a negative net margin of 42.44%. The company had revenue of $13.22 million for the quarter, compared to analysts’ expectations of $14.48 million. During the same quarter in the prior year, the firm earned ($0.10) EPS. The firm’s revenue was up 33.8% on a year-over-year basis. On average, equities research analysts anticipate that Sequans Communications will post ($0.22) EPS for the current 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.

Insider Buying and Selling by Quarter for Sequans Communications (NYSE:SQNS)

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