Raymond James Raises Sierra Wireless to Outperform (SWIR)

By admin | 6 years ago

Sierra Wireless (NASDAQ: SWIR) was upgraded by equities researchers at Raymond James (NYSE: RJF) from a “market perform” rating to an “outperform” rating in a report issued on Wednesday.

Shares of Sierra Wireless opened at 7.49 on Wednesday. Sierra Wireless has a one year low of $6.02 and a one year high of $12.37. The company’s market cap is $227.6 million.

Sierra Wireless last issued its quarterly 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. On average, analysts predict that Sierra Wireless will post $0.20 earnings per share next quarter.

SWIR has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Sierra Wireless in a research note to investors on Friday, May 4th. Separately, 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. Finally, analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of Sierra Wireless to $8.00 in a research note to investors on Friday, February 10th.

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

About the author