Sequans Communications (SQNS) Earns News Sentiment Score of 0.19

News stories about Sequans Communications (NYSE:SQNS) have been trending somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sequans Communications earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 45.9760220342666 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern’s rankings:

Sequans Communications (NYSE:SQNS) traded down $0.10 during mid-day trading on Monday, hitting $2.05. The company had a trading volume of 717,900 shares, compared to its average volume of 486,133. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.17 and a quick ratio of 0.95. The firm has a market cap of $162.36, a price-to-earnings ratio of -6.61 and a beta of 2.42. Sequans Communications has a 1-year low of $1.68 and a 1-year high of $4.75.

Sequans Communications (NYSE:SQNS) last posted its 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). The business had revenue of $11.30 million for the quarter, compared to analyst estimates of $11.08 million. Sequans Communications had a negative return on equity of 256.90% and a negative net margin of 46.93%. The firm’s revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.07) EPS. research analysts predict that Sequans Communications will post -0.28 EPS for the current fiscal year.

Several equities analysts have recently weighed in on SQNS shares. Northland Securities reiterated a “buy” rating and set a $5.00 price objective on shares of Sequans Communications in a report on Friday, September 22nd. BidaskClub upgraded Sequans Communications from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Needham & Company LLC reiterated a “buy” rating and set a $3.00 price objective (down previously from $4.00) on shares of Sequans Communications in a report on Wednesday, October 4th. Zacks Investment Research raised Sequans Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, B. Riley reissued a “buy” rating and issued a $3.50 target price (down previously from $5.50) on shares of Sequans Communications in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Sequans Communications has a consensus rating of “Buy” and an average price target of $3.96.

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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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