Sierra Wireless (SWIR) Getting Somewhat Negative Press Coverage, Report Finds
News stories about Sierra Wireless (NASDAQ:SWIR) (TSE:SW) have been trending somewhat negative this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sierra Wireless earned a media sentiment score of -0.12 on Accern’s scale. Accern also assigned news stories about the communications equipment provider an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Sierra Wireless, Inc. (SWIR) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Inovalon Holdings, Inc. (INOV) registers a price change of 1.53% while Sierra Wireless, Inc. (SWIR) finishes with a … – Stocks Gallery (stocksgallery.com)
- Sierra Wireless Inc (SWIR) Holds Steady Above Rising Trendline – Evergreen Caller (evergreencaller.com)
- Head-To-Head Contrast: I.D. Systems (IDSY) & Sierra Wireless (SWIR) (americanbankingnews.com)
Several brokerages have recently issued reports on SWIR. Vetr raised shares of Sierra Wireless from a “buy” rating to a “strong-buy” rating and set a $32.58 target price on the stock in a research note on Tuesday, February 28th. Royal Bank Of Canada raised their target price on shares of Sierra Wireless from $19.00 to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 3rd. Zacks Investment Research raised shares of Sierra Wireless from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Thursday, May 11th. Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a $30.00 target price (up previously from $23.50) on shares of Sierra Wireless in a research note on Monday, March 27th. They noted that the move was a valuation call. Finally, First Analysis reaffirmed an “overweight” rating and issued a $30.00 target price (up previously from $27.00) on shares of Sierra Wireless in a research note on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Sierra Wireless has an average rating of “Hold” and a consensus price target of $25.22.
Shares of Sierra Wireless (NASDAQ:SWIR) traded down 1.40% during mid-day trading on Tuesday, hitting $28.89. 95,660 shares of the company were exchanged. Sierra Wireless has a 12-month low of $12.30 and a 12-month high of $31.95. The company has a market capitalization of $922.02 million, a price-to-earnings ratio of 63.92 and a beta of 2.96. The firm has a 50 day moving average of $28.00 and a 200 day moving average of $23.73.
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About Sierra Wireless
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.
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