Sequans Communications (NYSE:SQNS) Issues Quarterly Earnings Results

Sequans Communications (NYSE:SQNS - Get Free Report) issued its earnings results on Tuesday. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.01, Zacks reports. Sequans Communications had a return on equity of 403.46% and a net margin of 138.26%. Sequans Communications updated its Q1 2025 guidance to EPS.

Sequans Communications Stock Up 4.8 %

Shares of SQNS traded up $0.12 during trading on Friday, reaching $2.62. The company's stock had a trading volume of 96,553 shares, compared to its average volume of 139,752. The company has a fifty day moving average of $3.14 and a two-hundred day moving average of $2.64. Sequans Communications has a twelve month low of $0.85 and a twelve month high of $7.30. The company has a market cap of $65.47 million, a price-to-earnings ratio of 1.86 and a beta of 0.36. The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Sequans Communications from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th.

Sequans Communications Company Profile

Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.