Sierra Wireless Reports Second Quarter 2016 Results
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Go back to Sierra Wireless Reports Second Quarter 2016 Results
August 5, 2016 7:30 AM EDT
CIBC downgraded Sierra Wireless (NASDAQ: SWIR) from Sector Perform to Sector Underperform with a price target of $13.00.
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 $17.17 yesterday.
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August 5, 2016 6:44 AM EDT
Sierra Wireless (NASDAQ: SWIR) reported Q2 EPS of $0.20, $0.08 better than the analyst estimate of $0.12. Revenue for the quarter came in at $156.2 million versus the consensus estimate of $154.39 million.
Acquisition of GenX Mobile
On August 3, 2016, we completed the acquisition of all of the outstanding shares of GenX Mobile Incorporated ("GenX") for total cash consideration of $7.8 million ($6.0 million, net of cash acquired), subject to working capital adjustments. GenX is a provider of in-vehicle cellular devices for the fleet management, asset tracking and... More
