Canaccord Genuity Reiterates Buy on Sierra Wireless (SWIR)

By admin | 6 years ago

Sierra Wireless (NASDAQ: SWIR)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a research note issued on Monday.

SWIR has been the subject of a number of other recent research reports. Analysts at Raymond James (NYSE: RJF) upgraded shares of Sierra Wireless from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, May 9th. Analysts at Brigantine initiated coverage on shares of Sierra Wireless in a research note to investors on Wednesday, February 22nd. They set a “buy” rating on the stock.

Sierra Wireless opened at 7.70 on Monday. Sierra Wireless has a 1-year low of $6.02 and a 1-year high of $12.37. The company’s market cap is $234.0 million.

Sierra Wireless last released its earnings data on Thursday, May 3rd. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.08. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Analysts expect that Sierra Wireless will post $0.20 EPS next quarter.

Sierra Wireless, Inc. (Sierra Wireless) provides wireless wide solutions for the mobile computing and machine-to-machine (M2M) and mobile computing markets.

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