In a report issued on November 9, Paul Steep from Scotiabank reiterated a Hold rating on Sierra Wireless Inc (SWIR), with a price target of $20. The company’s shares opened today at $16, close to its 52-week low of $15.10.
According to TipRanks.com, Steep is a 4-star analyst with an average return of 8.1% and a 72.7% success rate. Steep covers the Technology sector, focusing on stocks such as Enghouse Systems Limited, Maxar Technologies Ltd, and CGI Group.
Sierra Wireless Inc has an analyst consensus of Moderate Buy, with a price target consensus of $23.67.
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Based on Sierra Wireless Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $1.04 million. In comparison, last year the company had a net profit of $1.23 million.
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Sierra Wireless, Inc. engages in the development of device-to-cloud products and services for the Internet of Things. The company offers second generation, third generation, and fourth generation embedded wireless modules, and gateways.
