Canaccord Genuity Reiterates a 'Buy' on Sierra Wireless (SWIR); Solid Core M2M Business Growth, Mobile Computing Ramp in H2/11
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Price: $30.99 --0%
Rating Summary:
2 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Sierra Wireless (NASDAQ: SWIR), PT lowered from $16 to $15.
Canaccord analyst says, "Sierra Wireless posted Q1/11 results and provided
Q2/11 guidance below our estimates. While a slight delay in the timing of initial mobile computing LTE sales combined with an $8M decline in sales to Clearwire adversely impacted Q2/11 guidance, we anticipate strong H2/11 and 2012 results due to a growing core M2M pipeline and the 4G mobile computing upgrade cycle...We are lowering our 2011 pro forma EPS estimate from $0.68 of $0.24 and our 2012 estimate from $1.18 to $1.06."
For more ratings news on Sierra Wireless click here and for the rating history of Sierra Wireless click here.
Shares of Sierra Wireless closed at $10.95 yesterday.
Canaccord analyst says, "Sierra Wireless posted Q1/11 results and provided
Q2/11 guidance below our estimates. While a slight delay in the timing of initial mobile computing LTE sales combined with an $8M decline in sales to Clearwire adversely impacted Q2/11 guidance, we anticipate strong H2/11 and 2012 results due to a growing core M2M pipeline and the 4G mobile computing upgrade cycle...We are lowering our 2011 pro forma EPS estimate from $0.68 of $0.24 and our 2012 estimate from $1.18 to $1.06."
For more ratings news on Sierra Wireless click here and for the rating history of Sierra Wireless click here.
Shares of Sierra Wireless closed at $10.95 yesterday.
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