Canaccord Genuity Maintains a 'Buy' on Sierra Wireless (SWIR); Raising Numbers on Strong Q2
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Price: $12.35 -0.56%
Rating Summary:
3 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 2 | New: 2
Rating Summary:
3 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 2 | New: 2
Trade SWIR Now!
Canaccord Genuity maintains a 'Buy' on Sierra Wireless (NASDAQ: SWIR) price target of $13.00 (from $12.00).
Analyst, T. Michael Walkley, said, "Sierra Wireless reported very strong Q2/12 results with sales of $167.4M and pro forma EPS of $0.30 or well above their guidance and our estimates of $159.7M/$0.19. While Sierra provided Q3/12 guidance (excluding the Sagemcom acquisition) more in line with normal growth trends, we believe our thesis that solid growth drivers are in place in all of Sierra’s business segments remains intact. Further, we believe the integration of Sagemcom’s M2M business will drive further growth and leverage in 2H/12 and 2013."
"...we are raising our 2012 pro forma EPS estimate from $0.79 to $0.86 and our 2013 estimate from $0.88 to $0.93."
For an analyst ratings summary and ratings history on Sierra Wireless click here. For more ratings news on Sierra Wireless click here.
Shares of Sierra Wireless closed at $9.38 yesterday, with a 52 week range of $6.02-$10.18.
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Analyst, T. Michael Walkley, said, "Sierra Wireless reported very strong Q2/12 results with sales of $167.4M and pro forma EPS of $0.30 or well above their guidance and our estimates of $159.7M/$0.19. While Sierra provided Q3/12 guidance (excluding the Sagemcom acquisition) more in line with normal growth trends, we believe our thesis that solid growth drivers are in place in all of Sierra’s business segments remains intact. Further, we believe the integration of Sagemcom’s M2M business will drive further growth and leverage in 2H/12 and 2013."
"...we are raising our 2012 pro forma EPS estimate from $0.79 to $0.86 and our 2013 estimate from $0.88 to $0.93."
For an analyst ratings summary and ratings history on Sierra Wireless click here. For more ratings news on Sierra Wireless click here.
Shares of Sierra Wireless closed at $9.38 yesterday, with a 52 week range of $6.02-$10.18.
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