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Technology Stocks : Sequans Stock Discussion -- Ignore unavailable to you. Want to Upgrade?

To: w0z who wrote (44)	9/1/2020 9:09:57 AM
From: w0z	Read Replies (1) \| Respond to of 222

It was Roth Capital (current PT $13): "Shares of Sequans are down ~10% over the last several days despite what we believe to be a growing opportunity for IoT, 5G and other markets such as mobile hotspots and CBRS. In particular, we believe that Broadband visibility now extends into 1H21 as distance learning demand has booked out capacity through the next several months giving comfort to our Street high 3Q20 and 4Q20 estimates. We would use current weakness as a Buying opportunity. Broadband visibility extends into 1H21: As we highlighted last week, lead times for Sequans enabled mobile hotspots (Franklin Wireless at Verizon) had extended from 2 days to 3-4 weeks driven by distance learning initiatives. Since that time, we believe that lead times have further extended as Sequans starts to build visibility into 1H21. Importantly, we believe these demand patterns place Broadband at or above of our prior expectations and have the company on track to meet our Street high expectations (3Q20 and 4Q20)."