Notable Runner: Is Buying Sierra Wireless, Inc. (USA) Here a Winning Strategy?

Notable Runner: Is Buying Sierra Wireless, Inc. (USA) Here a Winning Strategy?

The stock of Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) is a huge mover today! About 475,186 shares traded hands or 185.83% up from the average. Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) has declined 10.42% since April 4, 2016 and is downtrending. It has underperformed by 11.51% the S&P500.
The move comes after 9 months positive chart setup for the $442.39M company. It was reported on Nov, 4 by Barchart.com. We have $18.59 PT which if reached, will make NASDAQ:SWIR worth $132.72M more.

Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) Ratings Coverage

Out of 8 analysts covering Sierra Wireless (NASDAQ:SWIR), 2 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 25% are positive. Sierra Wireless has been the topic of 23 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was maintained by Northland Capital on Friday, November 6 with “Market Perform”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, November 6 report. The stock of Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) earned “Market Perform” rating by Northland Capital on Friday, August 7. Canaccord Genuity maintained Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) on Friday, August 7 with “Buy” rating. The firm earned “Sector Perform” rating on Friday, August 7 by RBC Capital Markets. The rating was maintained by Scotia Capital with “Sector Perform” on Friday, August 7. Northland upgraded the shares of SWIR in a report on Tuesday, January 19 to “Outperform” rating. The company was downgraded on Friday, August 5 by IBC. Canaccord Genuity maintained the shares of SWIR in a report on Friday, August 7 with “Buy” rating.

According to Zacks Investment Research, “Sierra Wireless, Inc. is a leading provider of wireless data communications products. The company delivers wireless PC Cards for portable computers, wireless adapters for PDA’s, OEM modules for embedded applications and rugged vehicle-mounted wireless systems. The company is the founding member of the WirelessReady Alliance, an alliance of industry-leading hardware, software and service companies committed to the delivery of complete and compelling wireless data solutions.”

More notable recent Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) news were published by: Fool.com which released: “How Risky Is Sierra Wireless Inc. (USA) Stock?” on August 15, 2016, also Fool.com with their article: “Sierra Wireless, Inc. (USA) Revels in the Growth of the Internet of Things” published on April 21, 2016, Fool.com published: “Sierra Wireless, Inc. (USA) Soars With Standout Third-Quarter Earnings” on November 06, 2014. More interesting news about Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) were released by: Fool.com and their article: “2 Things to Watch For When Sierra Wireless, Inc. (USA) Reports Earnings This Week” published on November 04, 2014 as well as Fool.ca‘s news article titled: “Where Does Sierra Wireless, Inc. Go From Here?” with publication date: September 06, 2016.

SWIR Company Profile

Sierra Wireless, Inc., incorporated on May 31, 1993, is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Firm offers a portfolio of second generation (2G), third generation (3G), and fourth generation (4G) cellular embedded wireless modules and gateways, integrated with its secure cloud and connectivity services. It offers its products to original equipment manufacturers (OEMs) and enterprises across the world. The Firm operates through three divisions: OEM Solutions, Enterprise Solutions, and Cloud and Connectivity Services. The Firm operates in the wireless information and communications technology industry, enabling connectivity for IoT solutions through cellular wireless technologies. Market divisions that the Company serves include automotive, transportation, energy, industrial, enterprise, residential and healthcare.

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