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Technology Stocks : Sequans Stock Discussion
SQNS 6.210+4.0%3:59 PM EST

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To: w0z who wrote (19)8/3/2020 12:28:57 PM
From: w0z   of 222
 
More from Needham:

Needham & Company analyst Rajvindra S. Gill reiterated a Buy rating and $8.50 price target on Sequans Communications (NYSE: SQNS) after hosting a series of virtual investor meetings over Zoom with Sequans' CEO George Karam that indicated Massive IoT, Broadband and Critical IoT remain strong while the Taurus 5G platform is expected to be a key long-term driver for Broadband and Critical IoT.

The analyst stated "We are constructive on the high-end Taurus 5G platform, which targets two 5G use cases. One is Enhanced Mobile Broadband (eMBB) for high bandwidth wireless connectivity, large-scale video streaming, and virtual reality applications. The other is Ultra-Reliable, Low-Latency Communication (URLLC) for connected devices used in factory automation, robotic and remote management applications. The Taurus platform is under development and is expected to ramp primarily in 2022 and potentially in late 2021".
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