Wall Street brokerages forecast that Sequans Communications SA (NYSE:SQNS) will post sales of $7.65 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Sequans Communications’ earnings, with the highest sales estimate coming in at $7.90 million and the lowest estimate coming in at $7.40 million. Sequans Communications posted sales of $11.23 million in the same quarter last year, which suggests a negative year-over-year growth rate of 31.9%. The business is scheduled to issue its next quarterly earnings results on Wednesday, May 1st.

According to Zacks, analysts expect that Sequans Communications will report full year sales of $44.92 million for the current year, with estimates ranging from $42.55 million to $47.30 million. For the next year, analysts anticipate that the company will post sales of $79.86 million, with estimates ranging from $74.22 million to $85.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Sequans Communications.

Sequans Communications (NYSE:SQNS) last issued its earnings results on Tuesday, February 19th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The firm had revenue of $6.10 million during the quarter, compared to analysts’ expectations of $10.39 million. Sequans Communications had a negative return on equity of 523.25% and a negative net margin of 91.72%. The firm’s quarterly revenue was down 46.0% on a year-over-year basis. During the same period last year, the firm posted ($0.07) earnings per share.

SQNS has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $1.75 target price on shares of Sequans Communications in a report on Wednesday, February 20th. Zacks Investment Research cut shares of Sequans Communications from a “hold” rating to a “sell” rating in a report on Friday, November 23rd. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Sequans Communications in a report on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $1.97.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SQNS. Divisar Capital Management LLC raised its holdings in shares of Sequans Communications by 30.0% during the fourth quarter. Divisar Capital Management LLC now owns 7,170,592 shares of the semiconductor company’s stock valued at $5,593,000 after purchasing an additional 1,653,976 shares during the last quarter. FMR LLC purchased a new position in shares of Sequans Communications during the third quarter valued at approximately $558,000. AWM Investment Company Inc. raised its holdings in shares of Sequans Communications by 2.2% during the third quarter. AWM Investment Company Inc. now owns 9,264,157 shares of the semiconductor company’s stock valued at $13,155,000 after purchasing an additional 198,100 shares during the last quarter. Finally, FNY Investment Advisers LLC raised its holdings in shares of Sequans Communications by 62.1% during the third quarter. FNY Investment Advisers LLC now owns 130,465 shares of the semiconductor company’s stock valued at $185,000 after purchasing an additional 50,000 shares during the last quarter. 37.08% of the stock is owned by hedge funds and other institutional investors.

Sequans Communications stock remained flat at $$1.10 during trading hours on Friday. 109,223 shares of the company’s stock traded hands, compared to its average volume of 195,951. The company has a debt-to-equity ratio of 4.36, a current ratio of 1.64 and a quick ratio of 1.31. The stock has a market capitalization of $89.63 million, a PE ratio of -3.06 and a beta of 3.07. Sequans Communications has a twelve month low of $0.75 and a twelve month high of $2.24.

About Sequans Communications

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