Sequans Communications (NYSE:SQNS) Given Daily News Impact Score of 0.04

Headlines about Sequans Communications (NYSE:SQNS) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sequans Communications earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 46.2054843216033 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several brokerages have recently commented on SQNS. Canaccord Genuity restated a “buy” rating and issued a $3.75 target price on shares of Sequans Communications in a research report on Wednesday, January 17th. B. Riley lowered their price objective on shares of Sequans Communications from $2.75 to $2.50 and set a “buy” rating for the company in a research report on Monday, February 12th. ValuEngine cut shares of Sequans Communications from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded shares of Sequans Communications from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 17th. Finally, Roth Capital started coverage on shares of Sequans Communications in a research report on Friday, January 5th. They set a “buy” rating and a $4.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Sequans Communications presently has an average rating of “Buy” and an average price target of $3.75.

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SQNS stock opened at $1.67 on Friday. The company has a market cap of $132.84, a P/E ratio of -5.39 and a beta of 2.36. Sequans Communications has a 1 year low of $1.44 and a 1 year high of $4.75. The company has a quick ratio of 1.16, a current ratio of 1.42 and a debt-to-equity ratio of 4.12.

Sequans Communications (NYSE:SQNS) last released its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.08). Sequans Communications had a negative net margin of 54.20% and a negative return on equity of 314.69%. The business had revenue of $11.30 million during the quarter, compared to analysts’ expectations of $11.20 million. During the same period in the prior year, the company earned ($0.06) EPS. The firm’s quarterly revenue was down 19.3% compared to the same quarter last year. research analysts expect that Sequans Communications will post -0.24 earnings per share for the current fiscal year.

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About Sequans Communications

Sequans Communications SA, together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband 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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