Sequans Communications S.A. American Depositary Shares (each representing one hundred (100) Ordinary Shares) (SQNS)

The global IoT-based asset tracking and monitoring market is expected to grow from $5 billion in 2024 to $9.2 billion by 2029, at a CAGR of 12.8%. The adoption of IoT in manufacturing helps companies better manage production and reduce downtime, leading to improved operations and profitability.

Several information technology stocks saw significant price movements in Thursday's pre-market session, with SMX, Nano Dimension, and LeddarTech Holdings among the notable gainers, while American Software, WidePoint, and Sequans Communications were among the decliners.

SMART Global Holdings, Inc. (SGH) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Sequans "missed earnings" in Q1 -- and looks likely to miss again in Q2.