News stories about Sierra Wireless (NASDAQ:SWIR) (TSE:SW) have trended positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sierra Wireless earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned news headlines about the communications equipment provider an impact score of 45.5752526736852 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Sierra Wireless (NASDAQ:SWIR) traded down 1.10% during trading on Friday, reaching $22.45. The company’s stock had a trading volume of 102,392 shares. Sierra Wireless has a 12-month low of $12.30 and a 12-month high of $31.95. The company has a 50 day moving average of $21.78 and a 200 day moving average of $26.05. The company has a market cap of $717.26 million, a PE ratio of 35.24 and a beta of 3.14.
A number of analysts recently issued reports on SWIR shares. BidaskClub lowered Sierra Wireless from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Scotiabank upgraded Sierra Wireless from an “underperform” rating to a “sector perform” rating and set a $28.25 price objective on the stock in a research note on Thursday, September 21st. Zacks Investment Research lowered Sierra Wireless from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Macquarie upgraded Sierra Wireless from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $12.30 to $23.00 in a research note on Friday, August 4th. Finally, TheStreet upgraded Sierra Wireless from a “c+” rating to a “b” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.08.
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About Sierra Wireless
Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.
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