Will Sequans Help Verizon Communications Inc (NYSE:VZ) Capture The LTE Market?
Verizon Communications Inc (NYSE:VZ) has certified Sequans Communications for the VZ20M and VZ21M, 2 additional single mode LTE-modules. Both these modules have been designed to add the plug-and-play functionality on mobile computers and tablets. These modules are the latest additions from the Sequans EZLinkLTE portfolio.
The target market
The company says that this is very useful for device manufacturers as every one of the EZLinkLTE module is tested, integrated as well as certified to allow immediate LTE capability addition. Most of the devices have not been previously embedded with LTE functionality. Last month, Verizon Communications Inc (NYSE:VZ) integrated the VZ20Q module that is manufactured by Sequan. This module has been designed to be used in M2M devices and consumer electronics.
Sequans is targeting the requirements of single-mode LTE. This permits it overstep all the messy issues that plague legacy-technology support. The vendor primarily focuses its efforts on markets like the U.S, South Korea and Japan where LTE coverage-plans are expansive and ambitious.
In Wednesday’s trading, The Verizon Communications Inc (NYSE:VZ) rose by 0.33%. The opening price of the shares was $46.21, which climbed to an intraday high of $46.78 and dipped to a close of $46.20. Approximately 13.27 million shares were traded on Wednesday while an average volume of 17.81 million shares were traded over a 30 day period. The 52-week low of Verizon Communications Inc (NYSE:VZ) shares is $40.51 and its 52-week high is $54.31. The company has a market capitalization of $132.21 billion.
About the company
The Verizon Communications Inc (NYSE:VZ) is a holding company. It is a provider of information, communications and entertainment services and products to businesses, consumers and governmental agencies. The company operates in 2 main segments: 1) Verizon Wireless and 2) Wireline. Verizon Communications Inc (NYSE:VZ)’s communications services and products include wireless data and voice services and equipment-sales.