Sierra Wireless (NASDAQ:SWIR) Downgraded by ValuEngine

ValuEngine lowered shares of Sierra Wireless (NASDAQ:SWIR) (TSE:SW) from a hold rating to a sell rating in a research report sent to investors on Friday morning, ValuEngine reports.

A number of other research analysts have also recently commented on SWIR. Raymond James reissued a buy rating on shares of Canadian Natural Resources in a research report on Friday, May 10th. Zacks Investment Research cut shares of G1 Therapeutics from a buy rating to a hold rating in a report on Thursday, May 16th. BidaskClub cut shares of Xperi from a sell rating to a strong sell rating in a report on Wednesday, June 19th. Finally, National Bank Financial upped their price target on shares of Yamana Gold from C$3.75 to C$4.00 and gave the company a sector perform rating in a report on Friday, May 10th. Five analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $17.39.

NASDAQ SWIR opened at $11.64 on Friday. The stock’s fifty day moving average price is $12.05. Sierra Wireless has a 52 week low of $10.80 and a 52 week high of $22.58. The company has a current ratio of 1.69, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $425.12 million, a PE ratio of 89.54, a P/E/G ratio of 294.00 and a beta of 2.18.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last posted its earnings results on Thursday, May 9th. The communications equipment provider reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. Sierra Wireless had a negative net margin of 3.52% and a positive return on equity of 0.40%. The business had revenue of $173.81 million for the quarter, compared to analysts’ expectations of $172.24 million. During the same period in the previous year, the company posted $0.09 earnings per share. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mascoma Wealth Management LLC raised its holdings in Sierra Wireless by 77.3% in the first quarter. Mascoma Wealth Management LLC now owns 2,660 shares of the communications equipment provider’s stock valued at $33,000 after acquiring an additional 1,160 shares in the last quarter. WealthTrust Axiom LLC raised its holdings in Sierra Wireless by 9.7% in the first quarter. WealthTrust Axiom LLC now owns 17,000 shares of the communications equipment provider’s stock valued at $210,000 after acquiring an additional 1,500 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Sierra Wireless by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 146,329 shares of the communications equipment provider’s stock valued at $1,965,000 after purchasing an additional 2,165 shares during the last quarter. Toronto Dominion Bank increased its stake in Sierra Wireless by 18.3% during the first quarter. Toronto Dominion Bank now owns 31,299 shares of the communications equipment provider’s stock valued at $386,000 after purchasing an additional 4,846 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new stake in Sierra Wireless during the first quarter valued at $76,000. 26.73% of the stock is currently owned by hedge funds and other institutional investors.

Sierra Wireless Company Profile

Sierra Wireless, Inc, together with its subsidiaries, manufactures and sells cellular wireless devices, and provide services in the wireless communications and information technology industry in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its Original Equipment Manufacturer (OEM) Solutions segment offers embedded cellular modules, short range wireless modules, global navigation satellite system modules, software, and tools to integrate wireless connectivity into various products and solutions for OEM customers, including the embedded wireless modules product portfolio; cloud-based remote device and data management solutions; and Legato, an open source Linux-based platform.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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