conix
4 years ago
Motley Fool Says SELL
Sell Sierra Wireless
Toby Bordelon β’ November 4, 2020 β’ SWIR
We moved Sierra Wireless (NASDAQ: SWIR) into the penalty box two months ago. Since that decision, we haven't seen anything that impresses us or makes us want to continue to own this business. Over the last six years, the business has failed to live up to expectations β both ours and the market's. A big problem for Sierra Wireless is that the driving force in the Internet of Things market is now on the software side. Hardware makers like Sierra have been pushed aside. Management hasn't been ignoring the competitive challenges it faces, but they haven't been successful in transforming their business, either.
Additionally, activist fund Lion Point Capital has recently invested in the company. It's possible that Lion Point Capital might end up taking the company private or forcing a merger, but it's also possible that nothing will come of it. We think that remaining invested in a disappointing company on the slim hope of a buyout or merger at a higher price is a very un-Foolish approach. We recommend that you sell your shares of Sierra Wireless.
Bender77
5 years ago
Sierra Wireless Appoints Jim Ryan Senior Vice President, Strategic Partner Growth
BUSINESS WIRE 7:00 AM ET 6/12/2019
Symbol Last Price Change
SWIR 12.33down 0 (0%)
QUOTES AS OF 04:00:00 PM ET 06/11/2019
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Sierra Wireless(SWIR) , the leading provider of fully integrated device-to-cloud solutions for the Internet of Things (IoT), today announced that Jim Ryan has been appointed Senior Vice President, Strategic Partner Growth, effective immediately. Mr. Ryan has more than 20 years of senior leadership experience in global telecoms and technology, including with large operators in the U.S. and Europe. Mr. Ryan will report directly to Kent Thexton, President and CEO.
βJim brings strong experience building businesses within large carriers and early stage IoT environments,β said Mr. Thexton. βHis focus on acquiring, aligning and maximizing the impact of our strategic partnerships in the Cloud, Analytics and System Integrator ecosystem is essential to delivering industry-leading IoT solutions.β
Mr. Ryan joins Sierra Wireless(SWIR) from Zipit Wireless, where he served as Vice President of IoT Products and Partnerships since 2017. Prior to that, he spent a decade helping numerous start-up and early stage SaaS companies capitalize on mobile ecosystem growth opportunities and held senior leadership positions with AT&T and Sprint in the U.S. and O2 in Europe.
Mr. Ryan earned his MBA from Indiana University and an undergraduate degree in Political Science and Economics from Binghamton University.
Bender77
5 years ago
Sierra Wireless Collaborates With Microsoft to Develop Full-Stack IoT Solution; Shares Rise
BY MT Newswires
β 10:00 AM ET 06/11/2019
10:00 AM EDT, 06/11/2019 (MT Newswires) -- Sierra Wireless (SWIR) (SW.TO), a provider of fully integrated device-to-cloud solutions for the Internet of Things (IoT), said on Tuesday that it has set up a strategic collaboration with Microsoft to provide one of the industry's first full-stack IoT solutions. Sierra shares rose 4.4% in morning trading.
Sierra Wireless' (SWIR) new Octave edge data orchestration solution has been successfully connected with Microsoft Azure IoT Central, the company said in a statement. Once in production, the solution will simplify and accelerate the process of getting edge data to the cloud, enabling enterprises to achieve the value of IoT for the industry 4.0 world, the company added.
Sierra Wireless (SWIR) also said it will migrate its existing cloud infrastructure from AWS to utilize Azure's full complement of cloud services.
Azure IoT Central is a software-as-a-service (SaaS) solution that lets customers build and deploy production-grade IoT applications in hours without cloud computing experience or specialized skills, according to the statement.
Price: 13.01, Change: +0.55, Percent Change: +4.41
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
ciciagt
6 years ago
Sierra Wireless (NASDAQ: SWIR) reported Q2 EPS of $0.27, $0.06 better than the analyst estimate of $0.21. Revenue for the quarter came in at $201.9 million versus the consensus estimate of $199.17 million.
βIn the second quarter of 2018, we delivered solid revenue and adjusted EBITDA growth on a year-over-year and sequential basis,β said Kent Thexton, Interim CEO. βOur two fastest growing and highest margin businesses - namely Enterprise Solutions and IoT Services - represented 25% of total revenue in Q2 and we continued to strengthen our position as a leader in device-to-cloud IoT solutions.β
NON-GAAP RESULTS(1)
Gross margin was 34.4% in the second quarter of 2018 compared to 34.5% in the second quarter of 2017.
Operating expenses were $59.0 million and earnings from operations were $10.4 million in the second quarter of 2018 compared to operating expenses of $48.3 million and earnings from operations of $11.4 million in the second quarter of 2017.
Net earnings were $9.7 million, or $0.27 per diluted share, in the second quarter of 2018 compared to net earnings of $9.8 million, or $0.30 per diluted share, in the second quarter of 2017.
Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") were $15.6 million in the second quarter of 2018 compared to $14.9 million in the second quarter of 2017.
GUIDANCE:
Sierra Wireless sees Q3 2018 EPS of $0.22-$0.30, versus the consensus of $0.25. Sierra Wireless sees Q3 2018 revenue of $198-207 million, versus the consensus of $198.98 million.
https://www.streetinsider.com/dr/news.php?id=14468260
MisterEC
7 years ago
The market, at all time highs, is not very forgiving on earnings missses. SWIR is a longer term play. This quarter earnings did not show strong growth from the Numerex acquisition, as it has not been that long. Next quarter there may be improvement. I am buying quality, and expecting a correction sooner rather than later in the market.
I learned about SWIR from Motley Fool. I also learnt of DDD from them too, though :)
MisterEC
7 years ago
You are lucky I pointed it out for you, huh? Maybe you will learn how to do your own DD.
I took a position again when it dropped and just recalled that they missed on earnings. I doubled up today, and will again tomorrow in another account, selling the 17NOV17 22.5 Call @ 1.40. Earnings out Nov 2 and likely they will not show strong growth from the Numerex acquisition, as it has not been that long. If they do, 8% in 18 days works for me.
MisterEC
7 years ago
Sierra Wireless -21% after Numerex buyout deal, Scotiabank downgrade
Aug. 3, 2017 2:31 PM ET|About: Sierra Wireless, Inc. (SWIR)|By: Jason Aycock, SA News Editor
Sierra Wireless (SWIR -20.7%) is getting pummeled today -- worse than postmarket declines yesterday, and worse even than today's premarket trading (where it was down 10.5% prior to the open).
The company beat expectations with its Q2 while announcing it would pay a 17.5% premium in a $107M acquisition of Internet-of-Things firm Numerex.
Scotiabank downgraded the stock to Underperform from a previous sector perform, and set a C$23 price target. Shares are trading at C$29.48 in Toronto on more than four times average volume.
value1008
7 years ago
Great rebound move off that rising 200dma. I'm amazed that analyst PTs are so conservative on this one. Presumably those PTs are for a year out, no? And yet i'm seeing PTs from analysts that are currently UNDER the present price in $25s. Scotiabank actually came out yesterday with a target price in Canadian dollars equivalent to only $18 USD!
That's a bit scary, so i'm wondering if such a low estimate along with a bunch of rather mediocre PTs from other analysts may lead to some volatility here and a trading range between, say, $24-26.
It's because of that possibility that i sold off today for just a very tiny gain in the low $25s, hoping to buy lower again.
My avg was 24.75-- just missed getting more shares at 22.80 when the s/price "only" fell to 22.95 yesterday afternoon. But testing such a low that far down from recent $30-31 price range reinforces even more for me the idea that we may see a lot of volatility on this one going forward over next several weeks or more.
I really like the longer term story here.
value1008
7 years ago
Even cheaper down here in lower $23s!
Good analysis here from a guy at Motley Fool:
https://www.fool.com/investing/2017/08/03/why-sierra-wireless-inc-stock-is-sinking-today.aspx
Why Sierra Wireless, Inc. Stock Is Sinking Today
An all-stock acquisition will dilute the holdings of current Sierra shareholders, and a large customer in the automotive space is moving to a lower-margin chipset.
Anders Bylund (TMFZahrim) Aug 3, 2017 at 11:57AM
What happened
Shares of Sierra Wireless (NASDAQ:SWIR) fell as much as 18.2% Thursday morning. As of 11:47 a.m. EDT, the stock had recovered to a slightly milder 17.3% drop [but then fell to over 20% down for the day in low $23s!].
So what
The embedded networking chip designer was busy Wednesday night. Sierra released its second-quarter earnings report and announced a $107 million acquisition of Internet of Things device management expert Numerex.
Sierra's second-quarter earnings increased 50% year over year to $0.30 per share while revenue rose 11% to $173.5 million. Analysts would have settled for earnings of $0.28 per share on sales near $170 million. On the other hand, the midpoints of management's guidance for the third quarter fell just below the current Wall Street views on both the top and bottom lines. Sierra is facing currency exchange headwinds while a large automotive computing client is trading in an existing Sierra deal for a next-generation solution with lower gross margins on the chip supplier's side of that contract.
The Numerex deal is expected to triple Sierra's exposure to the Internet of Things services market, increase the company's North American revenue contributions, and widen overall gross margin from day one.
Now what
The Numerex deal makes plenty of sense, and the purchase price is lower than the market value that was shaved off of Sierra's market cap on the news. So the real culprit here would be Sierra's somewhat soft guidance for the third quarter.
That's a result of product mix shifts where no business was lost. That automotive contract is simply moving to a newer and less profitable product. Over time, Sierra should be able to balance that issue out via improvements and efficiencies in the production process. There's no long-term harm being done here, beyond an approximate 10% dilution of Sierra Wireless shares due to the stock-swapping nature of the Numerex deal.
The stock has still gained a market-beating 57% year to date, including the impact of Thursday's sharply negative adjustment. Volatility is the name of the game for small-cap stocks like Sierra, especially when they have been riding a strong wave in recent months.
Anders Bylund has no position in any stocks mentioned.