According to Zacks, “Sierra Wireless, Inc. is a leading provider of wireless data communications products. The company delivers wireless PC Cards for portable computers, wireless adapters for PDA’s, OEM modules for embedded applications and rugged vehicle-mounted wireless systems. The company is the founding member of the WirelessReady Alliance, an alliance of industry-leading hardware, software and service companies committed to the delivery of complete and compelling wireless data solutions. “
Several other research firms also recently issued reports on SWIR. Macquarie downgraded shares of Sierra Wireless from a “neutral” rating to an “underperform” rating in a report on Thursday, February 14th. First Analysis cut shares of Sierra Wireless from an “outperform” rating to a “neutral” rating and cut their target price for the company from $25.00 to $12.00 in a research note on Thursday, February 14th. BMO Capital Markets cut their target price on shares of Sierra Wireless to $13.00 and set a “positive” rating for the company in a research note on Thursday, February 14th. Canaccord Genuity cut their target price on shares of Sierra Wireless from $32.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, February 14th. Finally, ValuEngine upgraded shares of Sierra Wireless from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $17.45.
Shares of NASDAQ SWIR traded up $0.16 during trading hours on Wednesday, hitting $12.77. 2,881 shares of the stock were exchanged, compared to its average volume of 162,778. The company has a current ratio of 1.70, a quick ratio of 1.43 and a debt-to-equity ratio of 0.10. The company has a market cap of $459.53 million, a P/E ratio of 98.38 and a beta of 2.34. Sierra Wireless has a one year low of $10.80 and a one year high of $22.58.
Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last posted its quarterly earnings data on Wednesday, February 13th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). The firm had revenue of $201.40 million for the quarter, compared to the consensus estimate of $204.94 million. Sierra Wireless had a positive return on equity of 1.95% and a negative net margin of 3.10%. Sierra Wireless’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share.
Several institutional investors have recently made changes to their positions in the stock. Trigran Investments Inc. increased its position in shares of Sierra Wireless by 156.7% during the 4th quarter. Trigran Investments Inc. now owns 1,773,861 shares of the communications equipment provider’s stock worth $23,823,000 after purchasing an additional 1,082,945 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Sierra Wireless by 8.1% in the 3rd quarter. Vanguard Group Inc now owns 829,073 shares of the communications equipment provider’s stock valued at $16,665,000 after purchasing an additional 62,309 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Sierra Wireless by 8.1% in the 3rd quarter. Vanguard Group Inc. now owns 829,073 shares of the communications equipment provider’s stock valued at $16,665,000 after purchasing an additional 62,309 shares during the last quarter. Heathbridge Capital Management Ltd. boosted its stake in shares of Sierra Wireless by 8.9% in the 4th quarter. Heathbridge Capital Management Ltd. now owns 799,200 shares of the communications equipment provider’s stock valued at $10,738,000 after purchasing an additional 65,000 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Sierra Wireless in the 4th quarter valued at approximately $5,762,000. Institutional investors and hedge funds own 29.75% of the company’s stock.
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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