LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Sequans Communications S.A. (“Sequans” or the “Company”) (NYSE: SQNS) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit our website at www.glancylaw.com.
On August 1, 2017, Sequans disclosed that their second quarter revenue was negatively affected after the Company had to take product back into their inventory from an early 2016 sale related to the tablet business.
On this news, the Company’s stock price fell $0.67 per shares or over 18% to close at $3.01 per share on August 1, 2017.
If you purchased Sequans securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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