Sequans Communications SA ADR(NYSE:SQNS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $9.88M. Analysts estimated a revenue of $10.95M. Earnings per share were $-0.10. Analysts had estimated an EPS of $-0.09.
In a different note, Canaccord Genuity said it Initiates Coverage on Sequans Communications SA ADR, according to a research note issued on May 17, 2016. The shares have been rated ‘Buy’ by the firm.
Sequans Communications SA ADR (SQNS) made into the market gainers list on Thursdays trading session with the shares advancing 3.14% or 0.06 points. Due to strong positive momentum, the stock ended at $1.97, which is also near the day’s high of $2. The stock began the session at $1.94 and the volume stood at 27,938 shares. The 52-week high of the shares is $3 and the 52 week low is $0.66. The company has a current market capitalization of $117 M and it has 5,93,31,870 shares in outstanding.
Sequans Communications S.A. is a fabless designer developer and supplier of fourth Generation (4G) long term evolution (LTE) and worldwide interoperability for microwave access (WiMAX) semiconductor solutions for wireless mobile broadband applications with a specific focus on the single-mode device market. The Company’s semiconductor solutions integrate baseband processor and radio frequency (RF) transceiver integrated circuits (ICs) along with its signal processing techniques algorithms and software stacks. The Company offers baseband solutions used to encode and decode data based on 4G protocols that serve as the core wireless processing platform for a 4G device RF transceivers used to transmit and receive wireless transmissions and integrated system-on-chip (SoC) solutions that combine these and other functions into a single die or package.