I think the market will take note soon enough. It will be delayed until the market is able to connect the dots from the upper tiers of this market. There was no big boost to Sierra after GE announced their Industrial Internet strategy simply because the news was all about GE not the M2M market. As the analysts peal back the layers to determine where money will be made in M2M they will finally discover the fact that M2M and all the profit to be made requires connectivity, and they see that Sierra has 35% of the connectivity. That time is getting closer. Take a look CalAmp ( CAMP) the market finally discovered this company and it's growth potential. Sierra is a CAMP supplier, so tiered under them from a market perspetive. Sierra is the next layer to be uncovered. The market loves little known companies with great growth potential in new markets and excellent financials. For the loyal shareholders the wait is almost over. I see a 50% beat on 2Q earnings.
Unless the market completely falls apart, SWIR is a potential double over the next 12 months. As a pure M2M play it's a genuine growth stock now with both a growing top and bottom line. Some people recognize that. But it is a hard to buy in quantity without significantly driving the price up. That's why up moves in SWIR only happen on down days. That's the only time you can pick up a few shares without driving SWIR through the roof.