Sequans Communications S.A. SQNS was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 30.5% in the past one-month time frame.
The company has seen one positive revision in the past one month, while its Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Sequans Communications currently sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.
Applied Optoelectronics, Inc. AAOI is another favorably placed stock in the same sector, carrying the same rank as Sequans Communications. You can see the complete list of today’s Zacks #1 Rank stocks here.
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