Sierra Wireless (NASDAQ:SWIR) Given Outperform Rating at Raymond James

Raymond James reiterated their outperform rating on shares of Sierra Wireless (NASDAQ:SWIR) (TSE:SW) in a research note published on Thursday, BayStreet.CA reports. They currently have a $20.00 price target on the communications equipment provider’s stock.

A number of other equities analysts have also weighed in on SWIR. ValuEngine lowered Sierra Wireless from a hold rating to a sell rating in a research note on Friday, July 12th. BidaskClub lowered Sierra Wireless from a hold rating to a sell rating in a research note on Wednesday, June 19th. TD Securities decreased their target price on Sierra Wireless from $14.50 to $13.00 and set a hold rating on the stock in a research note on Thursday. Zacks Investment Research lowered Sierra Wireless from a hold rating to a strong sell rating in a research note on Thursday, May 16th. Finally, National Bank Financial decreased their target price on Sierra Wireless from $15.00 to $12.50 and set a sector perform rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Sierra Wireless has an average rating of Hold and an average price target of $15.64.

Shares of NASDAQ:SWIR traded down $0.32 during midday trading on Thursday, reaching $11.75. 2,547 shares of the company traded hands, compared to its average volume of 150,023. The company has a market capitalization of $436.33 million, a price-to-earnings ratio of 90.38, a price-to-earnings-growth ratio of 301.75 and a beta of 2.17. The company has a quick ratio of 1.37, a current ratio of 1.52 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average price is $11.91. 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, July 31st. The communications equipment provider reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The business had revenue of $191.37 million for the quarter, compared to analyst estimates of $191.95 million. Sierra Wireless had a positive return on equity of 0.02% and a negative net margin of 5.75%. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS.

Several institutional investors and hedge funds have recently bought and sold shares of SWIR. Cutter & CO Brokerage Inc. bought a new stake in Sierra Wireless during the second quarter valued at about $340,000. PenderFund Capital Management Ltd. raised its holdings in Sierra Wireless by 18.0% during the second quarter. PenderFund Capital Management Ltd. now owns 681,540 shares of the communications equipment provider’s stock valued at $10,673,000 after acquiring an additional 103,800 shares during the period. Aperio Group LLC bought a new stake in Sierra Wireless during the second quarter valued at about $43,000. Horrell Capital Management Inc. raised its holdings in Sierra Wireless by 5.1% during the second quarter. Horrell Capital Management Inc. now owns 515,000 shares of the communications equipment provider’s stock valued at $6,221,000 after acquiring an additional 25,000 shares during the period. Finally, Atlas Capital Advisors LLC bought a new stake in Sierra Wireless during the second quarter valued at about $36,000. Hedge funds and other institutional investors own 25.81% of the company’s stock.

About Sierra Wireless

Sierra Wireless, Inc, together with its subsidiaries, manufactures and sells cellular wireless devices, and provide services in the wireless communications and information technology industry in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its Original Equipment Manufacturer (OEM) Solutions segment offers embedded cellular modules, short range wireless modules, global navigation satellite system modules, software, and tools to integrate wireless connectivity into various products and solutions for OEM customers, including the embedded wireless modules product portfolio; cloud-based remote device and data management solutions; and Legato, an open source Linux-based platform.

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Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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