Somewhat Critical News Coverage Unlikely to Affect Sierra Wireless (SWIR) Share Price

News coverage about Sierra Wireless (NASDAQ:SWIR) (TSE:SW) has trended somewhat negative this week, according to Alpha One Sentiment Analysis. The research group, a service of Accern, identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sierra Wireless earned a media sentiment score of -0.18 on Alpha One’s scale. Alpha One also assigned news coverage about the communications equipment provider an impact score of 33 out of 100, meaning that recent news coverage is unlikely to have an effect on the company’s share price in the near term.

These are some of the media stories that may have effected Alpha One’s scoring:

Insider Buying and Selling by Quarter for Sierra Wireless (NASDAQ:SWIR)

Sierra Wireless (NASDAQ SWIR) opened at 29.25 on Friday. Sierra Wireless has a 52 week low of $12.30 and a 52 week high of $31.95. The firm has a 50-day moving average price of $27.75 and a 200-day moving average price of $23.40. The company has a market capitalization of $933.51 million, a price-to-earnings ratio of 64.71 and a beta of 2.96.

SWIR has been the topic of a number of recent research reports. Vetr raised Sierra Wireless from a “buy” rating to a “strong-buy” rating and set a $32.58 price objective on the stock in a report on Tuesday, February 28th. Royal Bank Of Canada increased their price objective on Sierra Wireless from $19.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 3rd. Zacks Investment Research raised Sierra Wireless from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Thursday, May 11th. Raymond James Financial, Inc. reissued a “market perform” rating and set a $30.00 price objective (up previously from $23.50) on shares of Sierra Wireless in a report on Monday, March 27th. They noted that the move was a valuation call. Finally, First Analysis reissued an “overweight” rating and set a $30.00 price objective (up previously from $27.00) on shares of Sierra Wireless in a report on Wednesday, April 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.22.

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Sierra Wireless Company Profile

Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.

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