Sequans Communications (SQNS) Q2 misses consensus across-the-board and lowers 2H guidance. Q3...

|About: Sequans Communications (SQNS)|By:, SA News Editor

Sequans Communications (SQNS) Q2 misses consensus across-the-board and lowers 2H guidance. Q3 will be significantly below estimates, as CEO Georges Karam notes "more cautious ordering patterns" emerging, "which we believe are driven by some uncertainty related to several new WiMAX smartphone models being introduced." Shares -34% premarket.