Jefferies Reiterates a 'Hold' on Sierra Wireless (SWIR); Mixed Q4, But Guides Above
Tweet
Share
E-mailGet Alerts SWIR Hot Sheet
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
Join SI Premium – FREE
Jefferies reiterates a 'Hold' on Sierra Wireless (NASDAQ: SWIR) price target raised from $7 to $8.
Jefferies analyst said, "We had thought strength at carriers like AT&T (NYSE: T) would help SWIR in Q4, but it appears the benefit was weighted towards Q1. We raise Q1 EPS mainly due to better GM. We continue to fear pricing pressure in mobile computing and see more of the company's value shifting to M2M; however, the growth of the M2M business has been slower and lumpier than expected. We see balanced risk/reward and reiterate our rating."
Jefferies raises FY12 EPS estimate from $0.50 to $0.52.
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 $7.52 yesterday.
Jefferies analyst said, "We had thought strength at carriers like AT&T (NYSE: T) would help SWIR in Q4, but it appears the benefit was weighted towards Q1. We raise Q1 EPS mainly due to better GM. We continue to fear pricing pressure in mobile computing and see more of the company's value shifting to M2M; however, the growth of the M2M business has been slower and lumpier than expected. We see balanced risk/reward and reiterate our rating."
Jefferies raises FY12 EPS estimate from $0.50 to $0.52.
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 $7.52 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Cummins (CMI) PT Lowered to $675 at Jefferies
- Walmart (WMT) PT Lowered to $125 at JPMorgan, Overweight Rating Maintained as 'Short Case Feels Greedy'
- Rockwell Automation (ROK) PT Lowered to $490 at DA Davidson
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
