News articles about Sierra Wireless (NASDAQ:SWIR) (TSE:SW) have been trending somewhat negative this week, Alpha One reports. Alpha One, a service of Accern, identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sierra Wireless earned a media sentiment score of -0.09 on Alpha One’s scale. Alpha One also assigned news headlines about the communications equipment provider an impact score of 58 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have effected Alpha One’s rankings:
- Sierra Wireless Up 62.0% Since SmarTrend Uptrend Call (SWIR) (mysmartrend.com)
- Sierra Wireless (SWIR) Earning Somewhat Positive Press Coverage, Report Finds (americanbankingnews.com)
- Don’t Let This Wall Street Analyst Downgrade Deter You From Considering Sierra Wireless Inc. (fool.com)
- Don't Let This Wall Street Analyst Downgrade Deter You From Considering Sierra Wireless Inc. (finance.yahoo.com)
A number of research analysts have commented on SWIR shares. Raymond James Financial, Inc. restated a “market perform” rating and set a $30.00 price target (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. Vetr cut shares of Sierra Wireless from a “strong-buy” rating to a “buy” rating and set a $31.00 price target for the company. in a research note on Monday, February 27th. Jefferies Group LLC raised their price target on shares of Sierra Wireless to $21.00 and gave the stock a “positive” rating in a research note on Friday, February 10th. BMO Capital Markets restated a “neutral” rating on shares of Sierra Wireless in a research note on Friday, February 10th. Finally, Zacks Investment Research upgraded shares of Sierra Wireless from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Wednesday, February 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Sierra Wireless currently has an average rating of “Hold” and an average price target of $23.16.
Sierra Wireless (NASDAQ:SWIR) traded down 0.99% during mid-day trading on Friday, hitting $25.05. 276,823 shares of the stock traded hands. The firm has a market cap of $789.18 million, a P/E ratio of 52.19 and a beta of 1.90. Sierra Wireless has a 52 week low of $12.30 and a 52 week high of $30.60. The firm’s 50-day moving average price is $27.26 and its 200-day moving average price is $19.59.
Sierra Wireless (NASDAQ:SWIR) last announced its quarterly earnings results on Thursday, February 9th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.11. Sierra Wireless had a net margin of 2.50% and a return on equity of 6.87%. The firm earned $163 million during the quarter, compared to analysts’ expectations of $161.06 million. During the same period in the prior year, the company posted $0.08 EPS. The company’s revenue was up 12.8% on a year-over-year basis. On average, equities analysts forecast that Sierra Wireless will post $0.83 earnings per share for the current fiscal year.
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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