News stories about Sierra Wireless (NASDAQ:SWIR) (TSE:SW) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sierra Wireless earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 46.12348135517 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Should You Chase Sierra Wireless’ Post-Earnings Rally? (msn.com)
- Should You Chase Sierra Wireless' Post-Earnings Rally? (finance.yahoo.com)
- Sierra Wireless Jumps 20% (baystreet.ca)
- Analysts Offer Predictions for Sierra Wireless, Inc.’s Q4 2018 Earnings (SWIR) (americanbankingnews.com)
- Sierra Wireless, Inc. (TSX:SW) Is 1 of 2 Top Tech Stocks to Buy Now (fool.ca)
Sierra Wireless traded down $0.35, hitting $19.40, on Friday, according to Marketbeat. 216,462 shares of the company were exchanged, compared to its average volume of 343,084. Sierra Wireless has a twelve month low of $15.10 and a twelve month high of $23.50. The stock has a market capitalization of $712.87 million, a price-to-earnings ratio of 33.45, a PEG ratio of 2.46 and a beta of 2.89. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.61 and a quick ratio of 1.33.
Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last released its earnings results on Thursday, August 2nd. The communications equipment provider reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The firm had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $199.17 million. Sierra Wireless had a positive return on equity of 1.73% and a negative net margin of 2.96%. Sierra Wireless’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 EPS. research analysts anticipate that Sierra Wireless will post 0.67 earnings per share for the current year.
Several equities research analysts recently issued reports on SWIR shares. ValuEngine downgraded Sierra Wireless from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. TheStreet downgraded Sierra Wireless from a “c” rating to a “d+” rating in a report on Friday, May 4th. National Bank Financial downgraded Sierra Wireless from an “outperform” rating to a “sector perform” rating in a report on Thursday, May 31st. BidaskClub upgraded Sierra Wireless from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Finally, Royal Bank of Canada cut their price objective on Sierra Wireless from $23.00 to $20.00 and set a “sector perform” rating on the stock in a report on Monday, July 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.60.
Sierra Wireless Company Profile
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.
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