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Sequans Communications (SQNS) Soars: Stock Adds 11.8% in Session

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Sequans Communications S.A. (SQNS - Free Report) was a big mover last session, as the company saw its shares rise nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $4.94 –$5.92 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen two positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Sequans Communications. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Sequans Communications currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Sequans Communications S.A. Price

Another stock worth considering in the Electronics – Semiconductors industry is Amkor Technology, Inc. (AMKR - Free Report) which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Amkor Technology, Inc. (AMKR) - free report >>

Sequans Communications S.A. (SQNS) - free report >>