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Sequans Communications (SQNS) in Focus: Stock Up 11.5% - Tale of the Tape

Sequans Communications S.A. ( SQNS ) was a big mover last session, as the company saw its shares rise over 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above past one month's volatile price range of $1.58 to $1.78.

This developer of 4G LTE and WiMAX semiconductor solutions for wireless broadband applications has seen three negative estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved lower over the same period. This implies trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's rally can last.

Sequans Communications currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some notable stocks in the electronic component-semiconductor industry are NVE Corp. ( NVEC ), Pericom Semiconductor Corp. ( PSEM ) and Silicon Motion Technology Corp. ( SIMO ). All the three stocks sport a Zacks Rank #1 (Strong Buy).

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SEQUANS COMM (SQNS): Free Stock Analysis Report

NVE CORP (NVEC): Get Free Report

PERICOM SEMICON (PSEM): Free Stock Analysis Report

SILICON MOTION (SIMO): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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