Several other research firms also recently issued reports on SWIR. National Bank Financial cut their price objective on Sierra Wireless from $15.00 to $12.50 and set a sector perform rating on the stock in a report on Thursday, August 1st. ValuEngine raised Sierra Wireless from a buy rating to a strong-buy rating in a research note on Monday, November 4th. 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. TD Securities lowered their target price 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. Finally, TheStreet cut Sierra Wireless from a c- rating to a d+ rating in a research note on Wednesday, September 4th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Sierra Wireless has a consensus rating of Hold and a consensus price target of $13.50.
SWIR stock opened at $8.46 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 1.24 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $408.30 million, a PE ratio of 65.08 and a beta of 2.00. Sierra Wireless has a 12-month low of $8.37 and a 12-month high of $17.30. The business’s fifty day moving average price is $10.76 and its 200 day moving average price is $11.70.
Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last posted its quarterly earnings data on Tuesday, November 5th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.08). The firm had revenue of $174.03 million during 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%. Sierra Wireless’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc grew its stake in Sierra Wireless by 7.0% during the 2nd quarter. CIBC Asset Management Inc now owns 21,073 shares of the communications equipment provider’s stock worth $255,000 after purchasing an additional 1,383 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Sierra Wireless during the 2nd quarter worth $145,000. Brandes Investment Partners LP grew its stake in Sierra Wireless by 4,811.0% during the 2nd quarter. Brandes Investment Partners LP now owns 3,744,487 shares of the communications equipment provider’s stock worth $45,234,000 after purchasing an additional 3,668,240 shares in the last quarter. Morgan Stanley grew its stake in Sierra Wireless by 20.7% during the 2nd quarter. Morgan Stanley now owns 279,661 shares of the communications equipment provider’s stock worth $3,378,000 after purchasing an additional 47,961 shares in the last quarter. Finally, Horrell Capital Management Inc. grew its stake in Sierra Wireless by 5.1% during the 2nd quarter. Horrell Capital Management Inc. now owns 515,000 shares of the communications equipment provider’s stock worth $6,221,000 after purchasing an additional 25,000 shares in the last quarter. 41.21% of the stock is owned by hedge funds and other institutional investors.
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.
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.