SWIR will release financial results for the quarter ended December 31, 2014, after market close on Thursday, February 5, 2015.
Sierra Wireless President and CEO, Jason Cohenour, and CFO, David McLennan, will host a conference call and webcast with analysts and investors to review the results at 5:30 PM Eastern time the same day. A live slide presentation will be available for viewing during the call from the link provided below
Toll-free (Canada and US): 1-877-201-0168
Alternate number: 1-647-788-4901
Conference ID: 55352654
It is well known that SWIR's growth potential has not changed and that currently SWIR commands 34% of the
It is a well known fact that SWIR's fundamentals have not changed and that SWIR commands 34% of the global M2M market. It is well known, too. that more car manufacturers are becoming aware that have their cars must be connected to the internet. The connected car is the new emphasis in the M2M technology
Auto manufacturers are connecting their machines at a " break-neck" pace". Over the next five years, M2M traffic can increase 22 times over.¹ And as it grows, so does its potential. Connected cars can help relieve traffic congestion, for example, and a locally connected utility can become part of a nationwide energy solution. This year, for the first time, at the International Consumer Electronics Show (CES) connected cars was the biggest event with more car manufacturers were attracted to selling auto makers hardware software- an $11.3 billion market estimated by (CEA). than ever before.
I hope that the above shows that there is no reason for concern or worry for the long term holders of SWIR shares whose shares have been in a slump recently.Nevertheless, please do your own DD.
Swir today announced the completion ofthe acquisition of Wireless Maingate, AB (Maingate), a Sweden-based provider of
machine-to-machine (M2M) connectivity and data management services, for US $90 million, subject to certain post-closing adjustments. Details of the acquisition were first announced on December 22, 2014.
Maingate provides managed M2M connectivity and information management services to more than 500 customers across Europe, reaching a subscriber base of more than 500,000 connected devices. Founded in 1998, Maingate was a pioneer in offering wireless services specifically for the M2M market. Maingate’s value-added services include leading-edge over-the-air subscription provisioning and tailored connectivity solutions for a broad range of M2M industries.
Together, Sierra Wireless and Maingate will be able to offer customers in Europe complete device-to-cloud solutions, with fully integrated hardware, embedded software development tools, cloud-based application development, device and subscription management, and wireless services
escower: the downgrade was made with an agenda in mind. It seems to me that the agenda was the hope to creating an opportunity to get in at a lower share price. Individuals. funds, corporations will pay an analyst or a "blogger" to upgrade, downgrade , or promote a company of their choice. As a result , I take analysts comments with "hand full of salt". SWIR's fundamentals have not changed. In fact, nothing has changed about the M2M , IOT Connectivity and SWIR commands 34% of the growing M2M market along with a host of reliable clients. My suggestion is that one should take analyst comments for "what's worth" and do your own DD.
Warren Buffet made his money by selecting a 'GEM" and holding it long term even through downturns. SWIR, is a "GEM" ! Hope this helps.
SWIR is due for a pullback, Raymond James analyst Steven Li said.
In the past two months, the machine-to-machine technology company has risen in share price by almost 60 per cent, propelled by a solid earnings report and index buying, after the stock was added to the S&P/TSX Composite Index in mid-December, Mr. Li said.
As a result, the stock is now trading at about 23 times estimated 2015 earnings, compared with organic growth in the range of 10 per cent to 15 per cent.
Mr. Li downgraded the stock to “underperform” from “market perform,” and raised the target price to $37 (U.S.) from $26. The analyst consensus price target is $35.80.
•Following 2014's 96% gain, Northland Securities' Michael Latimore has downgraded Sierra Wireless (SWIR -1.5%) to Market Perform, albeit while hiking his target by $7 to $40 and raising his estimates.
•Latimore still considers Sierra "the best way to invest in the diverse IoT/M2M market, touching on numerous high-growth verticals with leading technologies." He also likes the recent Wireless Maingate acquisition.
•His target is equal to 27x a 2016 EPS estimate of $1.49.