Sierra Wireless (SWIR) Gets a Buy Rating from Canaccord Genuity


Canaccord Genuity analyst Michael Walkley maintained a Buy rating on Sierra Wireless (SWIR) yesterday and set a price target of $14.00. The company’s shares closed last Thursday at $10.80.

According to TipRanks.com, Walkley is a 5-star analyst with an average return of 19.3% and a 65.3% success rate. Walkley covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Sequans Communications S A, and Synchronoss Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sierra Wireless with a $14.00 average price target.

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The company has a one-year high of $14.37 and a one-year low of $4.31. Currently, Sierra Wireless has an average volume of 179.3K.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SWIR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Sierra Wireless, Inc. engages in the provision of device-to-cloud and networking solutions. It operates through the following segments: Original Equipment Manufacturers (OEM) Solutions; Enterprise Solutions; and Internet-of-Things Services (IoT). The OEM Solutions segment includes standards-based wireless technologies and support open source initiatives that enable OEMs and system integrators to get IoT solutions to market faster. The Enterprise Solutions segment focuses in networking solutions comprised of cellular gateways and routers that are complemented by cloud-based services and on-premise software for secure device and network management. The Internet-of-Things Services segment involves in digital transformation of enterprises through IoT cloud and connectivity services. The company was founded on May 31, 1993 and is headquartered in Richmond, Canada.

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