Sierra Wireless, Inc. (SWIR) Releases Q4 Earnings Guidance
Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.21-$0.29 for the period, compared to the Thomson Reuters consensus estimate of $0.25. The company issued revenue guidance of $172-$180 million, compared to the consensus revenue estimate of $176.74 million.
A number of brokerages have weighed in on SWIR. Zacks Investment Research raised Sierra Wireless from a sell rating to a hold rating in a report on Wednesday, October 4th. Scotiabank lowered Sierra Wireless from a sector perform rating to an underperform rating and lifted their price objective for the company from $22.00 to $23.00 in a report on Thursday, August 3rd. TheStreet lowered Sierra Wireless from a b rating to a c+ rating in a report on Friday, August 18th. Howard Weil raised Sierra Wireless to a sector perform rating and set a $23.00 price objective on the stock in a report on Thursday, September 21st. They noted that the move was a valuation call. Finally, Macquarie raised Sierra Wireless from an underperform rating to a neutral rating and lifted their price objective for the company from $12.30 to $23.00 in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $27.08.
TRADEMARK VIOLATION NOTICE: “Sierra Wireless, Inc. (SWIR) Releases Q4 Earnings Guidance” was originally published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/sierra-wireless-inc-swir-releases-q4-earnings-guidance/1674096.html.
An institutional investor recently bought a new position in Sierra Wireless stock. Northern Trust Corp bought a new position in shares of Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,715 shares of the communications equipment provider’s stock, valued at approximately $301,000. Institutional investors and hedge funds own 24.89% of the company’s stock.
Sierra Wireless Company Profile
Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.
Receive News & Ratings for Sierra Wireless Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Wireless Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.