BidaskClub upgraded shares of Sierra Wireless (NASDAQ:SWIR) (TSE:SW) from a sell rating to a hold rating in a research report released on Monday.
A number of other brokerages have also weighed in on SWIR. Zacks Investment Research lowered shares of Sierra Wireless from a hold rating to a sell rating in a research note on Thursday, May 10th. Scotiabank set a $21.00 target price on shares of Sierra Wireless and gave the company a sector perform rating in a research note on Friday, May 4th. Roth Capital upgraded shares of Sierra Wireless from a neutral rating to a buy rating and boosted their target price for the company from $18.00 to $22.00 in a research note on Tuesday, March 27th. Canaccord Genuity decreased their target price on shares of Sierra Wireless from $30.00 to $28.00 and set a buy rating for the company in a research note on Friday, February 9th. Finally, ValuEngine upgraded shares of Sierra Wireless from a sell rating to a hold rating in a research note on Monday, April 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Sierra Wireless currently has an average rating of Hold and a consensus price target of $24.30.
Shares of NASDAQ SWIR opened at $17.95 on Monday. Sierra Wireless has a twelve month low of $18.05 and a twelve month high of $18.25. The company has a market capitalization of $656.62 million, a P/E ratio of 30.95 and a beta of 2.76. The company has a quick ratio of 1.38, a current ratio of 1.64 and a debt-to-equity ratio of 0.08.
Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last announced its quarterly earnings data on Thursday, May 3rd. The communications equipment provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Sierra Wireless had a negative net margin of 0.56% and a positive return on equity of 3.23%. The company had revenue of $186.90 million during the quarter, compared to analyst estimates of $185.08 million. During the same period in the previous year, the business earned $0.24 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. sell-side analysts expect that Sierra Wireless will post 0.6 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. PenderFund Capital Management Ltd. bought a new stake in shares of Sierra Wireless during the 1st quarter valued at $12,376,000. Renaissance Technologies LLC grew its position in shares of Sierra Wireless by 35.9% during the 4th quarter. Renaissance Technologies LLC now owns 432,700 shares of the communications equipment provider’s stock valued at $8,849,000 after acquiring an additional 114,416 shares during the period. Deutsche Bank AG grew its position in shares of Sierra Wireless by 10.1% during the 4th quarter. Deutsche Bank AG now owns 406,457 shares of the communications equipment provider’s stock valued at $8,310,000 after acquiring an additional 37,367 shares during the period. Millennium Management LLC grew its position in shares of Sierra Wireless by 33.7% during the 4th quarter. Millennium Management LLC now owns 374,827 shares of the communications equipment provider’s stock valued at $7,665,000 after acquiring an additional 94,485 shares during the period. Finally, Brighton Jones LLC grew its position in shares of Sierra Wireless by 6.0% during the 1st quarter. Brighton Jones LLC now owns 345,434 shares of the communications equipment provider’s stock valued at $5,700,000 after acquiring an additional 19,605 shares during the period. 27.23% of the stock is owned by hedge funds and other institutional investors.
About Sierra Wireless
Sierra Wireless, Inc, together with its subsidiaries, engages in building the Internet of Things (IoT) with intelligent wireless solutions in North America, Europe, and the Asia Pacific. It operates in three segments: Original Equipment Manufacturer (OEM) Solutions, Enterprise Solutions, and Cloud and Connectivity Services.
Receive News & Ratings for Sierra Wireless Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Wireless and related companies with MarketBeat.com's FREE daily email newsletter.