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Sequans (SQNS) on Track for Best Quarter Since 2012, Northland Capital Markets Says

May 27, 2015 7:30 AM EDT
Get Alerts SQNS Hot Sheet
Price: $0.40 --0%

Rating Summary:
    7 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 10 | New: 10
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Northland Capital Markets analyst Tom Sepenzis reiterated a Outperform rating and $3 price target on Sequans Communications (NYSE: SQNS) saying the company is on track for its best quarter since 2012.

Sepenzis commented, "Our confidence in the second half of 2015 is increasing as several new customer and carrier wins are creating what we believe is the long awaited inflection point in the stock. We expect the stock will continue to react favorably as we go through the remainder of the year and as Sequans approaches cash flow break-even."

For an analyst ratings summary and ratings history on Sequans Communications click here. For more ratings news on Sequans Communications click here.

Shares of Sequans Communications closed at $1.98 yesterday.



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