Sequans Communications (SQNS) Set to Announce Quarterly Earnings on Tuesday

Posted by Patrick Bannon on Nov 4th, 2024

Sequans Communications (NYSE:SQNS – Get Free Report) will post its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect Sequans Communications to post earnings of ($0.45) per share for the quarter.

Sequans Communications (NYSE:SQNS – Get Free Report) last announced its quarterly earnings data on Friday, August 23rd. The semiconductor company reported ($0.30) EPS for the quarter, hitting the consensus estimate of ($0.30). The company had revenue of $9.68 million during the quarter, compared to the consensus estimate of $9.70 million. On average, analysts expect Sequans Communications to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Sequans Communications Stock Up 8.3 %

Sequans Communications stock opened at $2.60 on Monday. The company has a market capitalization of $64.66 million, a P/E ratio of -1.62 and a beta of 0.28. The firm has a 50 day moving average price of $2.52 and a 200-day moving average price of $1.78. Sequans Communications has a twelve month low of $0.85 and a twelve month high of $7.43.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Roth Mkm reissued a “buy” rating and issued a $7.50 target price on shares of Sequans Communications in a research report on Monday, August 26th. StockNews.com raised shares of Sequans Communications from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th.

Read Our Latest Stock Report on Sequans Communications

About Sequans Communications

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Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.