Sierra Wireless, Inc. (USA) (SWIR) Stock Tumbles 24% on Reported 4th-Quarter Loss

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Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) shares have fallen 24% this morning after the company reported their Fourth Quarter numbers late Thursday. Unfortunately for investors, the numbers looked pretty bleak.

Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) reported a $383,000 quarterly loss, which equates to a loss of about $0.01 per share. When earnings are adjusted for one-time gains and costs this number comes to $0.08 per share, falling short of Wall Street’s estimate of $0.10 per share. Additionally, revenue also fell short of expectations, as the company posted just $144.8 million for the quarter, well short of analysts’ expectations of $149.9 million.

For the year, Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) reported that their losses fell to just $2.7 million, and revenue came in at $607.8 million. The stock closed at $14.69 during the last trading session. It is down 42.86% since July 1, 2015 and is downtrending. It has underperformed the S&P500 by 35.56%.

From a total of 7 analysts covering Sierra Wireless (NASDAQ:SWIR) stock, 2 rate it a “Buy”, 0 a “Sell”, and 5 a “Hold”. This means that 29% of the ratings are positive. The highest target price is $38.0 while the lowest target price is $20. The mean of all analyst targets is $25.28 which is 72.09% above today’s ($14.69) stock price. Sierra Wireless was the topic of 19 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Northland upgraded shares on January 19 to a “Outperform” rating. Northland Capital maintained SWIR stock in a recent report from November 6 with a “Market Perform” rating.

Sierra Wireless, Inc. is a provider of cellular wireless solutions to the machine-to-machine and connected device markets. The company has a market cap of $473.05 million. The Firm develops and markets a range of wireless products that include embedded modules and embedded software for original equipment manufacturers (OEMs), gateways and routers for industrial, commercial and public safety applications, and a cloud platform for delivering device management and enabling end-to-end applications. It currently has negative earnings. The company’s products, services and solutions connect people, their mobile computers and machines to wireless voice and data networks around the world.

#focuskw=’Sierra Wireless, Inc. (USA) (NASDAQ:SWIR)’##metadesc=’Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) shares have fallen 24% this morning after the company reported their Fourth Quarter numbers late Thursday. Unfortunately for investors, the numbers looked pretty bleak.

Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) reported a $383,000 quarterly loss, which equates to a loss of about $0.01 per share. When earnings are adjusted for one-time gains and costs this number comes to $0.08 per share, falling short of Wall Street’s estimate of $0.10 per share. Additionally, revenue also fell short of expectations, as the company posted just $144.8 million for the quarter, well short of analysts’ expectations of $149.9 million.

For the year, Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) reported that their losses fell to just $2.7 million, and revenue came in at $607.8 million. ‘##metarobot=’index’##newskw=’VirnetX Holding Corporation news,VirnetX Holding Corporation – (NYSEMKT:VHC),NYSEMKT:VHC Analyst rating analysis,Stock Analysis,Outlook and potential,VHC Price change and trend,VHC stock update’##sitemap=’include’##skipsocial##stockticker=’NASDAQ:SWIR’#

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