Price Don’t Lie: What’s Sierra Wireless, Inc. (USA) Downside After Today’s Big Decline?

Price Don't Lie: What's Sierra Wireless, Inc. (USA) Downside After Today's Big Decline?

The stock of Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) is a huge mover today! The stock decreased 3.33% or $0.48 on October 3, hitting $13.93. About 193,520 shares traded hands or 29.59% up from the average. Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) has risen 3.65% since March 1, 2016 and is uptrending. It has underperformed by 8.57% the S&P500.
The move comes after 5 months negative chart setup for the $449.85M company. It was reported on Oct, 4 by Barchart.com. We have $12.26 PT which if reached, will make NASDAQ:SWIR worth $53.98 million less.

Analysts await Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) to report earnings on November, 3. They expect $0.04 earnings per share, down 76.47% or $0.13 from last year’s $0.17 per share. SWIR’s profit will be $1.29M for 87.06 P/E if the $0.04 EPS becomes a reality. After $0.10 actual earnings per share reported by Sierra Wireless, Inc. (USA) for the previous quarter, Wall Street now forecasts -60.00% negative EPS growth.

Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) Ratings Coverage

Out of 8 analysts covering Sierra Wireless (NASDAQ:SWIR), 2 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 25% are positive. Sierra Wireless has been the topic of 23 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Scotia Capital maintained the shares of SWIR in a report on Friday, August 7 with “Sector Perform” rating. The stock of Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) has “Sector Underperform” rating given on Friday, August 5 by IBC. RBC Capital Markets maintained Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) on Friday, November 6 with “Sector Perform” rating. Canaccord Genuity maintained it with “Buy” rating and $38 target price in Friday, August 7 report. Northland Capital maintained the shares of SWIR in a report on Friday, August 7 with “Market Perform” rating. The firm earned “Outperform” rating on Tuesday, January 19 by Northland. RBC Capital Markets maintained Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) rating on Friday, August 7. RBC Capital Markets has “Sector Perform” rating and $32 price target. On Friday, August 7 the stock rating was maintained by Canaccord Genuity with “Buy”. As per Friday, November 6, the company rating was maintained by Northland Capital.

According to Zacks Investment Research, “Sierra Wireless, Inc. is a leading provider of wireless data communications products. The company delivers wireless PC Cards for portable computers, wireless adapters for PDA’s, OEM modules for embedded applications and rugged vehicle-mounted wireless systems. The company is the founding member of the WirelessReady Alliance, an alliance of industry-leading hardware, software and service companies committed to the delivery of complete and compelling wireless data solutions.”

More notable recent Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) news were published by: Fool.com which released: “How Risky Is Sierra Wireless Inc. (USA) Stock?” on August 15, 2016, also Fool.com with their article: “Sierra Wireless, Inc. (USA) Revels in the Growth of the Internet of Things” published on April 21, 2016, Fool.ca published: “Sierra Wireless, Inc.: Time to Buy?” on July 07, 2016. More interesting news about Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) were released by: Fool.ca and their article: “Where Does Sierra Wireless, Inc. Go From Here?” published on September 06, 2016 as well as Fool.ca‘s news article titled: “Sierra Wireless, Inc.: The Only IoT Company You Need in Your Portfolio” with publication date: September 19, 2016.

SWIR Company Profile

Sierra Wireless, Inc., incorporated on May 31, 1993, is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Firm offers a portfolio of second generation (2G), third generation (3G), and fourth generation (4G) cellular embedded wireless modules and gateways, integrated with its secure cloud and connectivity services. It offers its products to original equipment manufacturers (OEMs) and enterprises across the world. The Firm operates through three divisions: OEM Solutions, Enterprise Solutions, and Cloud and Connectivity Services. The Firm operates in the wireless information and communications technology industry, enabling connectivity for IoT solutions through cellular wireless technologies. Market divisions that the Company serves include automotive, transportation, energy, industrial, enterprise, residential and healthcare.

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