Sierra Wireless (NASDAQ:SWIR) Upgraded to “Hold” at ValuEngine

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday, February 4th.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research raised shares of Sierra Wireless from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th. BidaskClub raised shares of Sierra Wireless from a “hold” rating to a “buy” rating in a research note on Tuesday, January 15th. First Analysis downgraded shares of Sierra Wireless from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $31.00 to $25.00 in a research note on Friday, November 9th. Canaccord Genuity increased their price objective on shares of Sierra Wireless from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, November 9th. Finally, CIBC downgraded shares of Sierra Wireless from a “neutral” rating to a “sell” rating and set a $19.00 price objective for the company. in a research note on Friday, November 9th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.45.

NASDAQ SWIR remained flat at $$12.58 on Monday. 247,373 shares of the company were exchanged, compared to its average volume of 654,930. The firm has a market cap of $468.15 million, a price-to-earnings ratio of 96.77 and a beta of 2.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.43 and a current ratio of 1.70. Sierra Wireless has a 12-month low of $10.80 and a 12-month high of $22.58.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last announced its earnings results on Wednesday, February 13th. The communications equipment provider reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). The company had revenue of $201.40 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share.

Large investors have recently modified their holdings of the stock. Insight 2811 Inc. acquired a new stake in Sierra Wireless in the 3rd quarter valued at about $202,000. Legal & General Group Plc lifted its stake in Sierra Wireless by 251.8% in the 4th quarter. Legal & General Group Plc now owns 14,416 shares of the communications equipment provider’s stock valued at $193,000 after purchasing an additional 10,318 shares during the last quarter. WealthTrust Axiom LLC lifted its stake in Sierra Wireless by 6.9% in the 4th quarter. WealthTrust Axiom LLC now owns 15,500 shares of the communications equipment provider’s stock valued at $208,000 after purchasing an additional 1,000 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new stake in Sierra Wireless in the 3rd quarter valued at about $738,000. Finally, Bank of America Corp DE lifted its stake in Sierra Wireless by 311.7% in the 4th quarter. Bank of America Corp DE now owns 17,582 shares of the communications equipment provider’s stock valued at $236,000 after purchasing an additional 13,311 shares during the last quarter. Institutional investors and hedge funds own 30.08% of the company’s stock.

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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Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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