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 Stock
€0.47
-0.840%
Our community is currently low on Sequans Communications S.A. ADR with 1 Buy predictions and 5 Sell predictions.
On the other hand, the target price of 2 € is above the current price of 0.47 € for Sequans Communications S.A. ADR, so the potential is actually 325.53%.
