Somewhat Favorable Media Coverage Unlikely to Affect Sierra Wireless (SWIR) Stock Price

News headlines about Sierra Wireless (NASDAQ:SWIR) (TSE:SW) have been trending somewhat positive recently, AlphaOne Sentiment reports. AlphaOne, a division of Accern, identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sierra Wireless earned a news sentiment score of 0.08 on AlphaOne’s scale. AlphaOne also assigned press coverage about the communications equipment provider an impact score of 33 out of 100, indicating that recent media coverage is unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news stories that may have impacted Alpha One Sentiment’s analysis:

Shares of Sierra Wireless (NASDAQ:SWIR) traded up 0.0004% during trading on Wednesday, hitting $26.8501. 115,575 shares of the stock traded hands. The stock has a 50 day moving average price of $26.30 and a 200-day moving average price of $21.87. Sierra Wireless has a 1-year low of $12.30 and a 1-year high of $30.60. The stock has a market cap of $856.92 million, a price-to-earnings ratio of 59.4029 and a beta of 1.90.

Several research analysts recently commented on SWIR shares. Raymond James Financial, Inc. cut shares of Sierra Wireless from an “outperform” rating to a “mkt perform” rating in a report on Tuesday, March 28th. Royal Bank of Canada increased their target price on shares of Sierra Wireless from $19.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 3rd. Vetr cut shares of Sierra Wireless from a “strong-buy” rating to a “buy” rating and set a $31.00 target price for the company. in a report on Monday, February 27th. Jefferies Group LLC upped their price target on shares of Sierra Wireless to $21.00 and gave the stock a “positive” rating in a research report on Friday, February 10th. Finally, BMO Capital Markets reaffirmed a “neutral” rating on shares of Sierra Wireless in a research report on Friday, February 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Sierra Wireless has a consensus rating of “Hold” and an average price target of $25.22.

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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.

12 Month Chart for NASDAQ:SWIR

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