|Bid||21.08 x 2200|
|Ask||21.96 x 3200|
|Day's Range||20.64 - 21.67|
|52 Week Range||12.66 - 38.50|
|Beta (5Y Monthly)||0.23|
|PE Ratio (TTM)||9.53|
|Forward Dividend & Yield||0.48 (2.30%)|
|Ex-Dividend Date||Mar 11, 2021|
|1y Target Est||28.08|
Sierra Wireless delivered better-than-expected sales in the fourth quarter as the IoT solutions provider saw an increase in recurring and other services revenue. This was the third consecutive quarter of sequential revenue growth for the company. That said, Sierra Wireless (SWIR) posted a net loss per share (EPS) of $0.31 during the fourth quarter, which was higher than analysts’ expectations of a net loss per share of $0.26. Revenue decreased 3.7% year-on-year to $120.48 million, topping analysts’ estimates of $116.23 million. Driven by changes in product and customer mix in the company’s embedded broadband and IoT solutions segment, gross margin rose to 36% from 35.8% in the year-ago period. For fiscal 2020, thanks to lower mobile computing module sales and pandemic-led component supply constraints, the company generated sales of $448.6 million , reflecting a year-on-year decrease of 18%. Diluted loss per share came in at $1.93, versus a net loss per share of $2.06 in the comparable year-ago period. Sierra Wireless President and CEO Kent Thexton said, “We are winning in the market with our Solutions offering and our Recurring and other services revenue is now at 27.1% of total revenue.” Looking ahead to 1Q, Sierra Wireless guided for revenue of $109.9 million, in line with consensus. The company also noted that there is strong demand for its products and services in 1Q. It has secured orders and recurring revenue that is about 15% higher than the Street estimate, but current supply constraints reduce its ability to fully address this demand. (See Sierra Wireless stock analysis on TipRanks) Yesterday, Canaccord Genuity analyst Michael Walkley raised the price target to $30 (72% upside potential) from $24 and reiterated a Buy rating. Walkley said, “Given the company’s continued investments in core growth areas we believe it is well positioned to benefit from IoT industry growth trends longer term.” Turning to the rest of the Street, SWIR has a Moderate Buy consensus rating, based on 4 Buys, 1 Hold and 1 Sell. The average analyst price target of $22.25 implies about 28% upside potential from current levels. Related News: Western Alliance To Buy AmeriHome For $1B; Shares Drop 3.5% Match Group Snaps Up Hyperconnect For $1.73B; Shares Gain 2.4% Redfin To Buy RentPath For $608M; Shares Jump 12% More recent articles from Smarter Analyst: B2Gold Reports Record Annual Gold Production; Street Sees 73% Upside Autodesk To Snap Up Innovyze For $1B; Street Sees 14% Upside Xperi Holding’s 4Q Earnings Miss Estimates; Shares Drop 7% Hercules Capital Posts Better-Than-Expected 4Q Results; Shares Gain Pre-Market
Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) (the "Company", "Sierra Wireless", "we", "us", or "our") reported results for its fourth quarter and fiscal year ended December 31, 2020. All results are reported in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles (GAAP), except as otherwise indicated below.
Every investor in Sierra Wireless, Inc. ( TSE:SW ) should be aware of the most powerful shareholder groups. Large...