In a report released today, Rajvindra Gill from Needham maintained a Buy rating on Sequans Communications S A (SQNS – Research Report), with a price target of $7.00. The company’s shares closed last Tuesday at $4.19, close to its 52-week low of $3.57.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 15.5% and a 62.7% success rate. Gill covers the Technology sector, focusing on stocks such as Everspin Technologies, Smart Global Holdings, and GlobalFoundries Inc.
Sequans Communications S A has an analyst consensus of Moderate Buy, with a price target consensus of $9.50.
Based on Sequans Communications S A’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $11.89 million and net profit of $192K. In comparison, last year the company earned revenue of $14.12 million and had a GAAP net loss of $8.99 million.
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Sequans Communications SA engages in the designs, development, and supply of 4G LTE semiconductor solutions for wireless mobile broadband and internet of things applications, with a specific focus on the single-mode device market. Its solutions include high speed LTE, ultra large cell range, non 3GPP frequencies, LTE for satellite, streamrichLTE customer devices, colibri LTE cat 4 platform, and calliope LTEcat M1/NB1 platform. The company was founded by Georges Karam and Bertrand Debray in September 2003 and is headquartered in Paris, France.
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