Sequans Communications Announces Preliminary First Quarter 2020 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/19/2026
- Wall St recovers as yields ease; Moderna lifts healthcare stocks
- U.S. Treasury doubles buyback operation size for long-dated bonds
- Marvell shares jump after giving Google warrants amid custom chip deal
- Nvidia credit risk gauge hits new peak as SoftBank readies record bond issue
- Deutsche Bank calls Treasury buyback doubling similar to ’operation twist’
- Marvell issues Google warrant tied to custom chip deal
- Tech selloff weighs down Wall Street as bond yields climb
- Lowe's Cos. (LOW) Tops Q2 EPS by 17c, Misses on Revenue; Offers Fy27 Guidance
- Nvidia or Sandisk? BofA reveals which stock is under-owned and which is crowded
- Francisco Partners to acquire Weave Communications for $650M
Sequans Communications (SQNS) PT Raised to $8 at Canaccord Genuity
April 23, 2020 2:06 PM EDTCanaccord Genuity analyst T. Michael Walkley raised the price target on Sequans Communications (NYSE: SQNS) to $8.00 (from $7.00) while maintaining a Buy rating following results.
The analyst commented, "In the near term, we believe the increasing number of people working from home is... More
Sequans Communications (SQNS) Tops Q1 EPS by 1c, Revenues Beat; Offers Q2 Revenue Outlook Above Consensus
April 23, 2020 6:15 AM EDTSequans Communications (NYSE: SQNS) reported Q1 EPS of ($0.36), $0.01 better than the analyst estimate of ($0.37). Revenue for the quarter came in at $8.8 million versus the consensus estimate of $8.76 million.
First Quarter 2020 Highlights:
Revenue: Revenue was $8.8 million, a decrease of 4.3% compared to the fourth quarter of 2019 and an increase of 35.6% compared to the first quarter of 2019.Gross margin: Gross margin was 51.3% compared to 47.0% in the fourth quarter of 2019, and compared to 35.9% in the first quarter of 2019.Operating loss: Operating loss was $7.8 million compared to $5.6 million in the fourth quarter of... More