Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Sierra Wireless (SWIR) Share Price
Headlines about Sierra Wireless (NASDAQ:SWIR) (TSE:SW) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sierra Wireless earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 45.4282061913373 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Better IoT Buy: Sierra Wireless Inc. vs. Cisco Systems – Madison.com (host.madison.com)
- Sierra Wireless, Inc. (SWIR) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Sierra Wireless signs distribution agreement with Ingram Micro (financial-news.co.uk)
- Sierra Wireless, Inc.: Buy the Dip or Throw In the Towel? (ca.finance.yahoo.com)
Several equities analysts have recently weighed in on SWIR shares. TheStreet upgraded Sierra Wireless from a “c+” rating to a “b” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Sierra Wireless from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Macquarie upgraded Sierra Wireless from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $12.30 to $23.00 in a report on Friday, August 4th. Scotiabank upgraded Sierra Wireless from an “underperform” rating to a “sector perform” rating and set a $28.25 price objective for the company in a report on Thursday, September 21st. Finally, Howard Weil upgraded Sierra Wireless to a “sector perform” rating and set a $23.00 price objective for the company in a report on Thursday, September 21st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $27.08.
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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