Sequans Communications SA
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Information Technology : Semiconductors & Semiconductor Equipment |
Based in France
Company profile

Sequans Communications SA is a France-based company that develops and provides 5G and 4G chips and modules for massive, broadband, and IoT (Internet of things). The Company provides a product portfolio for 5G/4G massive IoT applications based on Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms, featuring low power consumption, a set of integrated functionalities, and global deployment capability. The Company offers a product portfolio for 5G/4G broadband and critical IoT applications based on its Cassiopeia Cat 4/Cat 6 4G and high-end Taurus 5G chip platforms, optimized for low-cost residential, enterprise, and industrial applications. The Company is based in Paris, France and operates as well in the United States, United Kingdom, and Asia in countries such as Israel, Hong Kong, Singapore, Taiwan, South Korea, and China.

This security is an American depositary receipt
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American Depositary Receipt (ADR) Fee

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Closing Price
$4.99
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
94,207
0

Amazon under pressure from fulfillment costs

12:44 pm ET October 22, 2021 (MarketWatch)
Print

Amazon.com Inc.'s (AMZN) price target was cut to $4,200 from $4,700 at Credit Suisse as fulfillment and shipping costs rise. Amazon has announced plans for 150,000 seasonal hires in addition to more than 150,000 other hires it has announced. "We assume that from a customer service perspective Amazon will expedite delivery/bear the incremental shipping cost," analysts wrote. "As we further anticipate global logistics headwinds do not abate until mid-22, our EBIT estimates for 2H21/22 decrease accordingly and reflect a scenario in which Amazon has spent roughly $53 billion in CapEx and further taken on incremental expenses without showing potential wallet share gains through greater service levels in the form of faster deliveries across a wider array of SKUs [stock-keeping units]." Credit Suisse rates Amazon stock outperform. Amazon is scheduled to report third-quarter earnings on Oct. 28. Amazon stock is up 2.9% for 2021 so far while the S&P 500 index has gained 20.9% for the period.

-Tonya Garcia

	

(END) Dow Jones Newswires

October 22, 2021 12:44 ET (16:44 GMT)

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