Sierra Wireless (NASDAQ:SWIR) (TSE:SW) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday, Zacks.com reports.

According to Zacks, “Sierra Wireless, Inc. is a leading provider of wireless data communications products. The company delivers wireless PC Cards for portable computers, wireless adapters for PDA’s, OEM modules for embedded applications and rugged vehicle-mounted wireless systems. The company is the founding member of the WirelessReady Alliance, an alliance of industry-leading hardware, software and service companies committed to the delivery of complete and compelling wireless data solutions. “

Several other research analysts have also issued reports on the stock. Raymond James reiterated an “outperform” rating and issued a $20.00 price target on shares of Sierra Wireless in a research note on Friday, May 10th. National Bank Financial increased their price target on shares of Sierra Wireless from $12.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Friday, May 10th. BidaskClub upgraded shares of Sierra Wireless from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. ValuEngine lowered shares of Sierra Wireless from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, TD Securities decreased their price target on shares of Sierra Wireless from $21.00 to $14.50 and set a “hold” rating for the company in a research note on Thursday, February 14th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Sierra Wireless currently has a consensus rating of “Hold” and a consensus price target of $17.39.

Shares of Sierra Wireless stock traded up $0.02 during trading on Thursday, hitting $13.33. The company’s stock had a trading volume of 1,367 shares, compared to its average volume of 299,568. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.69 and a quick ratio of 1.37. The firm has a market cap of $481.16 million, a price-to-earnings ratio of 102.46 and a beta of 2.35. Sierra Wireless has a 52 week low of $10.80 and a 52 week high of $22.58.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last issued its quarterly earnings results on Thursday, May 9th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. The company had revenue of $173.81 million during the quarter, compared to analyst estimates of $172.24 million. Sierra Wireless had a negative net margin of 3.52% and a positive return on equity of 0.40%. Sierra Wireless’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.09 EPS.

Large investors have recently added to or reduced their stakes in the business. Mascoma Wealth Management LLC increased its stake in Sierra Wireless by 77.3% during the 1st quarter. Mascoma Wealth Management LLC now owns 2,660 shares of the communications equipment provider’s stock valued at $33,000 after purchasing an additional 1,160 shares in the last quarter. BlackRock Inc. bought a new stake in Sierra Wireless during the 1st quarter valued at about $54,000. Penserra Capital Management LLC bought a new stake in Sierra Wireless during the 1st quarter valued at about $76,000. Armor Investment Advisors LLC bought a new stake in Sierra Wireless during the 1st quarter valued at about $125,000. Finally, Legal & General Group Plc increased its stake in Sierra Wireless by 251.8% during the 4th quarter. Legal & General Group Plc now owns 14,416 shares of the communications equipment provider’s stock valued at $193,000 after purchasing an additional 10,318 shares in the last quarter. Institutional investors and hedge funds own 26.31% of the company’s stock.

Sierra Wireless Company Profile

Sierra Wireless, Inc, together with its subsidiaries, manufactures and sells cellular wireless devices, and provide services in the wireless communications and information technology industry in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its Original Equipment Manufacturer (OEM) Solutions segment offers embedded cellular modules, short range wireless modules, global navigation satellite system modules, software, and tools to integrate wireless connectivity into various products and solutions for OEM customers, including the embedded wireless modules product portfolio; cloud-based remote device and data management solutions; and Legato, an open source Linux-based platform.

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