Sierra Wireless (SWIR) Getting Somewhat Positive Press Coverage, Study Shows

Media headlines about Sierra Wireless (NASDAQ:SWIR) (TSE:SW) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. 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 coverage optimism score of 0.21 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 45.6802540583134 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:

Shares of Sierra Wireless (SWIR) traded up $0.50 during trading hours on Friday, hitting $20.05. 324,300 shares of the company’s stock were exchanged, compared to its average volume of 370,737. The firm has a market cap of $646.00, a price-to-earnings ratio of 28.24 and a beta of 3.17. Sierra Wireless has a 52 week low of $15.75 and a 52 week high of $31.95. The company has a quick ratio of 1.54, a current ratio of 1.92 and a debt-to-equity ratio of 0.09.

A number of research firms recently commented on SWIR. BidaskClub lowered shares of Sierra Wireless from a “sell” rating to a “strong sell” rating in a research note on Thursday. Zacks Investment Research raised shares of Sierra Wireless from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Howard Weil raised shares of Sierra Wireless to a “sector perform” rating and set a $23.00 target price for the company in a research note on Thursday, September 21st. They noted that the move was a valuation call. Scotiabank raised shares of Sierra Wireless from an “underperform” rating to a “sector perform” rating and set a $28.25 target price for the company in a research note on Thursday, September 21st. Finally, BMO Capital Markets reissued a “hold” rating and set a $26.00 target price on shares of Sierra Wireless in a research note on Monday, November 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.95.

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About Sierra Wireless

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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