Sierra Wireless (USA) (SWIR) is Downgraded by CIBC to Sector Underperform

Sierra Wireless (USA) (SWIR) was Downgraded by CIBC to ” Sector Underperform”. Earlier the firm had a rating of “Sector Perform ” on the company shares. CIBC advised their investors in a research report released on Aug 5, 2016.

On the company’s financial health, Sierra Wireless (USA) reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.12. The company had revenue of $156.23 million for the quarter, compared to analysts expectations of $154.95 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.26 EPS.

Sierra Wireless (USA) opened for trading at $17.16 and hit $17.3399 on the upside on Thursday, eventually ending the session at $17.17, with a gain of 0.23% or 0.04 points. The heightened volatility saw the trading volume jump to 2,87,040 shares. Company has a market cap of $548 M.

Sierra Wireless Inc. is a provider of cellular wireless solutions to the machine-to-machine (M2M) and connected device markets. The Company develops and markets a range of wireless products that include embedded modules and embedded software for original equipment manufacturers (OEMs) gateways and routers for industrial commercial and public safety applications and a cloud-based platform for delivering device management and enabling end-to-end applications. The company’s products services and solutions connect people their mobile computers and machines to wireless voice and data networks around the world. The Company operates through two segments: OEM Solutions which includes AirPrime embedded wireless modules (including embedded wireless modules for PC OEM customers) and Enterprise Solutions which includes Airlink Intelligent Gateways AirVantage M2M Cloud and InMotion Solutions.

Sierra Wireless  (USA)

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