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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