Sierra Wireless (TSE:SW) Lowered to Neutral at Roth Capital

Roth Capital cut shares of Sierra Wireless (TSE:SW – Get Rating) (NASDAQ:SWIR) from a buy rating to a neutral rating in a research note released on Wednesday, PriceTargets.com reports.

A number of other equities analysts also recently weighed in on SW. B. Riley downgraded shares of Sierra Wireless from a buy rating to a neutral rating in a research note on Wednesday. William Blair downgraded shares of Sierra Wireless from an outperform rating to a market perform rating in a research note on Wednesday. Finally, Raymond James boosted their target price on shares of Sierra Wireless from C$18.00 to C$20.00 and gave the stock a market perform rating in a research note on Thursday, May 12th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of C$23.13.

Sierra Wireless Trading Up 0.6 %

Shares of SW stock opened at C$39.58 on Wednesday. Sierra Wireless has a 12-month low of C$17.17 and a 12-month high of C$39.86. The company has a market capitalization of C$1.52 billion and a P/E ratio of -15.88. The firm has a 50-day moving average price of C$31.04 and a 200 day moving average price of C$25.01. The company has a quick ratio of 0.99, a current ratio of 1.79 and a debt-to-equity ratio of 27.53.

Sierra Wireless (TSE:SW – Get Rating) (NASDAQ:SWIR) last announced its earnings results on Wednesday, May 11th. The company reported C$0.20 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.14) by C$0.34. The company had revenue of C$219.09 million during the quarter, compared to the consensus estimate of C$179.29 million. Research analysts forecast that Sierra Wireless will post 1.5720298 earnings per share for the current fiscal year.

Insider Transactions at Sierra Wireless

In other news, Senior Officer Stephen Gregory Harmon sold 2,778 shares of Sierra Wireless stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of C$24.12, for a total transaction of C$66,991.47. Following the completion of the sale, the insider now owns 14,101 shares in the company, valued at approximately C$340,045.62.

About Sierra Wireless

(Get Rating)

Sierra Wireless, Inc, together with its subsidiaries, provides device-to-cloud Internet of Things (IoT) solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, IoT Solutions and Enterprise Solutions. The IoT Solutions segment offers cellular wireless IoT modules that provides original equipment manufacturers (OEMs) with 5G, 4G LTE, third generation/second generation, low power wide area, Wi-Fi, Bluetooth, and global navigation satellite system connectivity; embedded broadband solutions, including industrial-grade modules, which offers speed, bandwidth, and network performance for connecting to 5G and 4G networks; and IoT connectivity services.

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