Sequans Communications Announces Second Quarter 2020 Financial Results
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Sequans Communications (SQNS) PT Raised to $8.50 at Needham & Company
July 28, 2020 1:00 PM EDTNeedham & Company analyst Rajvindra S. Gill raised the price target on Sequans Communications (NYSE: SQNS) to $8.50 (from $7.50) while maintaining a Buy rating.
The analyst commented, "SQNS delivered higher than expected Q2 sales and guided in-line with the Street, citing growth in Broadband and... More
Sequans Communications (SQNS) Misses Q2 EPS by 4c
July 28, 2020 6:18 AM EDTSequans Communications (NYSE: SQNS) reported Q2 EPS of ($0.28), $0.04 worse than the analyst estimate of ($0.24). Revenue for the quarter came in at $12.2 million versus the consensus estimate of $12 million.
Second Quarter 2020 Highlights:
Revenue: Revenue was $12.2 million, an increase of 39.4% compared to the first quarter of 2020 and an increase of 54.6% compared to the second quarter of 2019.Gross margin: Gross margin was 48.3% compared to 51.3% in the first quarter of 2020, and compared to 37.7% in the second quarter of 2019.Operating loss: Operating loss was $5.6 million compared to $7.8 million in the first quarter of... More