Sierra Wireless (SWIR) Receiving Favorable Press Coverage, Analysis Shows
Media coverage about Sierra Wireless (NASDAQ:SWIR) (TSE:SW) has trended positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sierra Wireless earned a news impact score of 0.26 on Accern’s scale. Accern also gave media headlines about the communications equipment provider an impact score of 45.8525937960531 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern’s analysis:
- Sierra Wireless Launches Integrated Vehicle Telemetry and Connectivity Solution (financial-news.co.uk)
- Why Sierra Wireless, Inc. Stock Fell 24.6% in August (fool.com)
- Tech Stock Hold Signal: Sierra Wireless, Inc. (SWIR) – Street Observer (press release) (streetobserver.com)
- Sierra Wireless, Inc. (SWIR) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
Several equities analysts recently commented on the stock. Scotiabank lowered shares of Sierra Wireless from a “sector perform” rating to an “underperform” rating and increased their target price for the company from $22.00 to $23.00 in a report on Thursday, August 3rd. TheStreet lowered shares of Sierra Wireless from a “b” rating to a “c+” rating in a report on Friday, August 18th. Zacks Investment Research raised shares of Sierra Wireless from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. TD Securities assumed coverage on shares of Sierra Wireless in a report on Tuesday, May 30th. They set a “hold” rating on the stock. Finally, Macquarie raised shares of Sierra Wireless from an “underperform” rating to a “neutral” rating and increased their target price for the company from $12.30 to $23.00 in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $26.35.
Shares of Sierra Wireless (SWIR) opened at 22.15 on Monday. The company has a market cap of $707.67 million, a price-to-earnings ratio of 34.77 and a beta of 3.11. The firm has a 50-day moving average of $23.17 and a 200-day moving average of $26.69. Sierra Wireless has a one year low of $12.30 and a one year high of $31.95.
Sierra Wireless Company Profile
Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.
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