Northland Securities Has Negative View of SQNS Q1 Earnings

Sequans Communications S.A. (NYSE:SQNS) – Equities researchers at Northland Securities lowered their Q1 2028 earnings estimates for Sequans Communications in a report issued on Monday, August 31st. Northland Securities analyst M. Grondahl now forecasts that the semiconductor company will post earnings per share of ($0.31) for the quarter, down from their prior forecast of ($0.29). The consensus estimate for Sequans Communications’ current full-year earnings is ($2.83) per share. Northland Securities also issued estimates for Sequans Communications’ Q2 2028 earnings at ($0.32) EPS, FY2028 earnings at ($1.31) EPS, FY2029 earnings at ($1.51) EPS and FY2030 earnings at ($1.73) EPS.

Sequans Communications (NYSE:SQNS) last announced its earnings results on Tuesday, August 4th. The semiconductor company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.47) by $0.20. The firm had revenue of $7.50 million for the quarter, compared to analysts’ expectations of $7.12 million. Sequans Communications had a negative return on equity of 54.51% and a negative net margin of 637.49%.

A number of other analysts also recently commented on SQNS. Weiss Ratings downgraded Sequans Communications from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. Wall Street Zen raised Sequans Communications from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. B. Riley Financial dropped their price target on shares of Sequans Communications from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, August 24th. Finally, Zacks Research upgraded shares of Sequans Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.50.

Sequans Communications Stock Performance

Shares of NYSE SQNS opened at $2.77 on Thursday. Sequans Communications has a 1 year low of $2.38 and a 1 year high of $10.93. The firm has a market cap of $41.43 million, a P/E ratio of -0.26 and a beta of 0.86. The stock has a fifty day moving average price of $2.94 and a two-hundred day moving average price of $3.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.27 and a current ratio of 1.39.

Institutional Investors Weigh In On Sequans Communications

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE acquired a new position in shares of Sequans Communications during the 3rd quarter valued at about $26,000. SmartHarvest Portfolios LLC bought a new position in Sequans Communications during the first quarter valued at about $60,000. XTX Topco Ltd acquired a new stake in Sequans Communications during the fourth quarter worth $73,000. Virtu Financial LLC acquired a new position in shares of Sequans Communications in the 4th quarter worth approximately $75,000. Finally, J. Derek Lewis & Associates Inc. acquired a new stake in shares of Sequans Communications in the 4th quarter valued at $85,000. Institutional investors and hedge funds own 63.33% of the company’s stock.

Sequans Communications Company Profile

Sequans Communications is a fabless semiconductor company specializing in cellular IoT and broadband connectivity solutions. The company designs and delivers a range of LTE and 5G chips, modules and connectivity platforms that enable low-power wide-area (LPWA) networking as well as high-speed broadband services. Sequans’s products are targeted at Internet of Things (IoT) applications, including smart metering, industrial automation, smart cities and consumer electronics, as well as more data-intensive use cases such as fixed wireless access and private networks.

The company’s portfolio includes single-mode LTE chipsets for narrowband IoT (NB-IoT) and LTE-M, multi-mode platforms that combine LTE and 5G New Radio (NR) support, and modules that integrate RF front-ends, power management and embedded software.