Sequans Communications Announces Preliminary First Quarter 2020 Financial Results
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Sequans Communications (SQNS) PT Raised to $8 at Canaccord Genuity
April 23, 2020 2:06 PM EDTCanaccord Genuity analyst T. Michael Walkley raised the price target on Sequans Communications (NYSE: SQNS) to $8.00 (from $7.00) while maintaining a Buy rating following results.
The analyst commented, "In the near term, we believe the increasing number of people working from home is... More
Sequans Communications (SQNS) Tops Q1 EPS by 1c, Revenues Beat; Offers Q2 Revenue Outlook Above Consensus
April 23, 2020 6:15 AM EDTSequans Communications (NYSE: SQNS) reported Q1 EPS of ($0.36), $0.01 better than the analyst estimate of ($0.37). Revenue for the quarter came in at $8.8 million versus the consensus estimate of $8.76 million.
First Quarter 2020 Highlights:
Revenue: Revenue was $8.8 million, a decrease of 4.3% compared to the fourth quarter of 2019 and an increase of 35.6% compared to the first quarter of 2019.Gross margin: Gross margin was 51.3% compared to 47.0% in the fourth quarter of 2019, and compared to 35.9% in the first quarter of 2019.Operating loss: Operating loss was $7.8 million compared to $5.6 million in the fourth quarter of... More