Roth MKM remains ‘aggressive’ buyer of Sequans following Q4 results

Sequans (SQNS) reported a modest Q4 beat, as expected, with Q1 sales guided above consensus, Roth MKM analyst Scott Searle tells investors in a research note. The key notable on the call was the $200M near-term opportunity pipeline in the aftermath of the Qualcomm (QCOM) transaction that may potentially add to the $250M of pre-existing design wins, and the firm remains an aggressive buyer of Sequans shares. Roth MKM has a Buy rating and $7.5 price target on the shares.