Stock of the Day

December 5, 2024

Sequans Communications (SQNS)

$2.84
-$0.07 (-2.4%)
Market Cap: $43.58M

About Sequans Communications

Sequans Communications S.A. engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules. The company also provides software, including source code and tools to enable manufacturers to integrate their solutions into their devices; and design support services. The company serves OEMs and ODMs Customers, as well as 4G and 5G wireless carriers. Sequans Communications S.A. was incorporated in 2003 and is based in Paris, France.

Today's Trend

Sequans Communications S.A. (NYSE: SQNS) is moving lower after a wave of analyst estimate cuts and a reduced price target, which signals softer near-term expectations for the semiconductor company.

  • Northland Securities lowered earnings estimates across multiple periods, including FY2026 and FY2027, reflecting expectations for deeper losses than previously forecast. Northland Securities lowers Sequans estimates
  • The analyst also trimmed quarterly forecasts for Q2 2026, Q3 2026, Q4 2026, and Q1-Q4 2027, reinforcing concerns about Sequans’ earnings trajectory. Northland Securities cuts quarterly EPS outlook
  • A separate note on May 14 reported a lower price target for Sequans Communications SA Depositary Receipt (SQNS), adding to the bearish tone around the stock. Price target decreased

Overall, SQNS is under pressure because analysts are marking down profit expectations and valuation assumptions, which can weigh on investor sentiment even without a major company-specific announcement.

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