Sierra Wireless (SWIR) Issues Q1 Earnings Guidance

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.04-0.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.20. The company issued revenue guidance of $181-189 million, compared to the consensus revenue estimate of $177.61 million.

Sierra Wireless (NASDAQ:SWIR) opened at $15.75 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.92 and a quick ratio of 1.54. The firm has a market cap of $436.75, a PE ratio of 121.15 and a beta of 2.71. Sierra Wireless has a 52 week low of $15.10 and a 52 week high of $31.95.

Several equities analysts have recently weighed in on SWIR shares. Scotiabank raised their price target on shares of Sierra Wireless from $23.00 to $31.00 and gave the stock a sector perform rating in a research note on Friday, November 3rd. BMO Capital Markets reissued a hold rating and issued a $26.00 price target on shares of Sierra Wireless in a research note on Monday, November 6th. Canaccord Genuity decreased their price target on shares of Sierra Wireless from $30.00 to $28.00 and set a buy rating on the stock in a research note on Friday. Royal Bank of Canada decreased their price target on shares of Sierra Wireless from $27.00 to $25.00 and set a sector perform rating on the stock in a research note on Wednesday. Finally, BidaskClub downgraded shares of Sierra Wireless from a sell rating to a strong sell rating in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. Sierra Wireless presently has a consensus rating of Hold and a consensus price target of $25.45.

An institutional investor recently bought a new position in Sierra Wireless stock. Northern Trust Corp bought a new position in shares of Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,715 shares of the communications equipment provider’s stock, valued at approximately $301,000. 21.36% of the stock is currently owned by institutional investors.

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Sierra Wireless Company Profile

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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