Why Sequans Communications Shares Got Destroyed Today
Shares of Sequans Communications (NYSE: SQNS) have gotten crushed today, down by 35% as of 11:20 a.m. EDT, after the company revised its guidance for the third quarter that just closed. Sequans is now expecting significantly less in top-line revenue.
Revenue in the third quarter is now expected within a narrow range of $11 million to $11.2 million, down from a prior forecast of $15 million to $17 million in sales. Gross margin should be over 43%, an improvement from the previous guidance of over 40%.
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Source: Fool.com
Sequans Communications S.A. ADR Aktie
0,96 €
1,06 %
Die Sequans Communications S.A. ADR Aktie sieht ein leichtes Übergewicht bei Sell-Einschätzungen.
Das höhere Kursziel von 2 € im Vergleich zum aktuellen Kurs von 0.96 € für Sequans Communications S.A. ADR führt zu einem positiven Potenzial von 109.42%.
