Sequans Communications Announces Fourth Quarter and Full Year 2015 Financial Results
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Needham & Company Raises Price Target as Sequans Communications (SQNS) Guides In-Line 1Q16
February 8, 2016 7:05 AM ESTNeedham & Company reiterated a Buy rating on Sequans Communications (NYSE: SQNS), and raised the price target to $3.20 (from $2.50), following the company's 4Q earnings report. Sequans reported 4Q15 revenue and EPS of $11.0MM and ($0.07) that modestly exceeded Needhams $10.5MM and ($0.07) estimates. Management provided 1Q16 guidance in line with Needham's model, and reiterated its outlook... More
