Sequans Communications SA ADR (SQNS) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $-0.09 EPS for the quarter. Analysts had a consensus estimate of $-0.09. The company posted revenue of $9.30 million in the period, compared to analysts expectations of $10.55 million. The company’s revenue was up 93.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.14 EPS.
Many Wall Street Analysts have commented on Sequans Communications SA ADR. Company shares were Reiterated by Craig Hallum on Mar 1, 2016 to “Buy”, Firm has raised the Price Target to $ 3.50 from a previous price target of $2.50 .Company shares were Reiterated by Needham on Feb 8, 2016 to “Buy”, Firm has raised the Price Target to $ 3.20 from a previous price target of $2.50 .
Sequans Communications SA ADR closed down -0.01 points or -0.39% at $2.53 with 1,83,228 shares getting traded on Wednesday. Post opening the session at $2.54, the shares hit an intraday low of $2.52 and an intraday high of $2.7 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Sequans Communications S.A. is a fabless designer developer and supplier of fourth Generation (4G) long term evolution (LTE) and worldwide interoperability for microwave access (WiMAX) semiconductor solutions for wireless mobile broadband applications with a specific focus on the single-mode device market. The Company’s semiconductor solutions integrate baseband processor and radio frequency (RF) transceiver integrated circuits (ICs) along with its signal processing techniques algorithms and software stacks. The Company offers baseband solutions used to encode and decode data based on 4G protocols that serve as the core wireless processing platform for a 4G device RF transceivers used to transmit and receive wireless transmissions and integrated system-on-chip (SoC) solutions that combine these and other functions into a single die or package.