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.