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Technology Stocks : Sequans Communications
SQNS 1.84+2.8%Oct 20 8:04 PM EDTNews

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To: FUBHO who wrote (1097)9/14/2017 1:48:51 PM
From: FUBHO1 Recommendation

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Sequans Communications S.A. (NYSE:SQNS)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity in a research report issued to clients and investors on Wednesday.

The analysts wrote, “We believe the module certification should accelerate product time to market for fast growing vertical market opportunities including vehicle telematics, security, and surveillance. We believe the certification is consistent with our expectations for ramping CAT-1 IoT related revenue during 2H17, as we estimate $15M of CAT-1 IoT related sales in 2017 increasing to $32M in C2018. This announcement ahead of MWC Americas follows the prior certification of the Calliope chipset on AT&T and other US carriers. In addition, Sequans recently introduced a tracker platform based on the integration of Sequans and ST technologies chipsets.”
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