Several other analysts also recently commented on SWIR. TD Securities reduced their price objective on Sierra Wireless from $14.50 to $13.00 and set a hold rating for the company in a research note on Thursday, August 1st. TheStreet downgraded Sierra Wireless from a c- rating to a d+ rating in a research note on Wednesday, September 4th. ValuEngine raised Sierra Wireless from a buy rating to a strong-buy rating in a research note on Monday, November 4th. National Bank Financial cut their target price on Sierra Wireless from $15.00 to $12.50 and set a sector perform rating for the company in a research note on Thursday, August 1st. Finally, Raymond James reissued an outperform rating and set a $20.00 target price on shares of Sierra Wireless in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $13.50.
SWIR opened at $8.46 on Tuesday. The business has a 50 day moving average price of $10.76 and a two-hundred day moving average price of $11.70. The company has a quick ratio of 1.24, a current ratio of 1.52 and a debt-to-equity ratio of 0.16. The company has a market cap of $408.30 million, a PE ratio of 65.08 and a beta of 2.00. Sierra Wireless has a 52 week low of $8.37 and a 52 week high of $17.30.
Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last posted its quarterly earnings data on Tuesday, November 5th. The communications equipment provider reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.08). The company had revenue of $174.03 million for the quarter, compared to analysts’ expectations of $191.16 million. Sierra Wireless had a negative net margin of 8.57% and a negative return on equity of 2.09%. The firm’s revenue was down 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 earnings per share.
Several hedge funds have recently modified their holdings of SWIR. FMR LLC raised its stake in shares of Sierra Wireless by 492.1% during the 1st quarter. FMR LLC now owns 358,200 shares of the communications equipment provider’s stock worth $4,423,000 after buying an additional 297,700 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Sierra Wireless in the 1st quarter worth approximately $220,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Sierra Wireless in the 2nd quarter worth approximately $393,000. NEXT Financial Group Inc grew its holdings in shares of Sierra Wireless by 2,441.7% in the 2nd quarter. NEXT Financial Group Inc now owns 16,521 shares of the communications equipment provider’s stock worth $200,000 after acquiring an additional 15,871 shares during the period. Finally, Atlas Capital Advisors LLC acquired a new stake in shares of Sierra Wireless in the 2nd quarter worth approximately $36,000. 41.21% of the stock is owned by institutional investors and hedge funds.
About Sierra Wireless
Sierra Wireless, Inc, together with its subsidiaries, manufactures and sells cellular wireless devices, and provide services in the wireless communications and information technology industry in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its Original Equipment Manufacturer (OEM) Solutions segment offers embedded cellular modules, short range wireless modules, global navigation satellite system modules, software, and tools to integrate wireless connectivity into various products and solutions for OEM customers, including the embedded wireless modules product portfolio; cloud-based remote device and data management solutions; and Legato, an open source Linux-based platform.
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