Sequans to trade higher after ‘huge beat’, says Roth MKM

Roth MKM keeps a Buy rating and $7.50 price target on Sequans (SQNS) after the company reported a “huge beat” with its Q3 results. Sequans’ product revenue is also expected to double sequentially in Q4 as total sales grow 10%, and with the Qualcomm (QCOM) cash on the balance sheet, investors will take notice, the analyst tells investors in a research note.