.png "Sierra Wireless (NASDAQ: SWIR)")
In a report released today, Thanos Moschopoulos from BMO Capital maintained a Hold rating on Sierra Wireless (SWIR), with a price target of $13.50. The company’s shares closed last Monday at $12.61.
According to TipRanks.com, Moschopoulos is a 5-star analyst with an average return of 14.1% and a 68.0% success rate. Moschopoulos covers the Technology sector, focusing on stocks such as Maxar Technologies, Celestica, and CGI Group.
Sierra Wireless has an analyst consensus of Moderate Buy, with a price target consensus of $13.37, representing a 3.6% upside. In a report issued on August 6, RBC Capital also maintained a Hold rating on the stock with a $13.00 price target.
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Based on Sierra Wireless’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $158 million and GAAP net loss of $22.66 million. In comparison, last year the company earned revenue of $174 million and had a GAAP net loss of $11.22 million.
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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.
