Sequans Communications (SQNS) Given Daily News Impact Rating of 0.11

News headlines about Sequans Communications (NYSE:SQNS) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, 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 media headlines about the semiconductor company an impact score of 47.8726441428927 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

A number of equities analysts have issued reports on the stock. B. Riley reissued a “buy” rating and issued a $5.50 target price on shares of Sequans Communications in a report on Wednesday, August 30th. ValuEngine cut shares of Sequans Communications from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Canaccord Genuity restated a “buy” rating and issued a $4.25 price target (down previously from $6.00) on shares of Sequans Communications in a research note on Thursday, October 5th. BidaskClub upgraded shares of Sequans Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Benchmark Co. dropped their price target on shares of Sequans Communications from $5.50 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, October 5th. Three research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $3.96.

Shares of Sequans Communications (NYSE:SQNS) opened at $1.84 on Tuesday. Sequans Communications has a 12 month low of $1.65 and a 12 month high of $4.75. 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 (NYSE:SQNS) last announced its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). Sequans Communications had a negative net margin of 46.93% and a negative return on equity of 256.90%. The company had revenue of $11.30 million for the quarter, compared to analyst estimates of $11.08 million. During the same quarter last year, the business earned ($0.07) earnings per share. Sequans Communications’s revenue was down 9.6% compared to the same quarter last year. analysts forecast that Sequans Communications will post -0.27 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.

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