Sequans Communications S.A. (NYSE:SQNS) is set to announce third quarter earning results on Tuesday 27th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, SQNS to report 3Q20 loss of $ 0.22 per share.
For the full year, analysts anticipate top line of $ 50.03 million, while looking forward to loss of $ 1.04 per share bottom line.
Previous Quarter Performance
Sequans Communications S.A. communicated loss for the second quarter of $ 0.28 per share, from the revenue of $ 12.23 million. Street analysts expected Sequans Communications S.A. to report loss of $ 0.24 per share on revenue of $ 12.00 million for the second quarter. The bottom line results missed street analysts by $ 0.04 or 16.67 percent, at the same time, top line results outshined analysts by $ 0.23 million or 1.92 percent.
Stock Performance
Shares of Sequans Communications S.A. traded low $ -0.17 or -3.20 percent on Friday, reaching $ 5.14 with volume of 278.10 thousand shares. Sequans Communications S.A. has traded high as $ 5.34 and has cracked $ 5.07 on the downward trend
According to the previous trading day, closing price of $ 5.14, representing a 216.07 % increase from the 52 week low of $ 1.68 and a 35.95 % decrease over the 52 week high of $ 8.29.
The company has a market capital of $ 155.80 million and is part of the Technology sector and Semiconductors industry.
Conference Call
Sequans Communications S.A. will be hosting a conference call at 8:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sequans.com
Sequans Communications S.A., together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband and Internet of Things applications. Its solutions incorporate baseband processor and radio frequency (RF) transceiver integrated circuits along with proprietary 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 wireless processing platform for a 4G device; RF transceivers used to transmit and receive wireless transmissions; and system-on-chip solutions that integrate the baseband and RF transceiver functions.
