SIERRA WIRELESS INC (SWIR)

[dingodave]

Still moving up. Does anybody follow this board any longer? Anybody have any ideas what might be going on?

[dingodave]

Nice Pop this morning. Wonder if something might be going on??

[conix]

Motley Fool Says SELL

Sell Sierra Wireless

Toby Bordelon • November 4, 2020 • 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 — 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.

[whytestocks]

News: $SWIR Here's Why Sierra Wireless Stock Is Trading Much Higher Today

Shares of Sierra Wireless (NASDAQ: SWIR) are trading much higher today because the company is selling one of its product lines for a whopping $165 million. The move allows it to focus more on its Internet of Things (IoT) solutions, and investors undoubtedly like the sound of that. As o...

In case you are interested SWIR - Here's Why Sierra Wireless Stock Is Trading Much Higher Today

[barnyarddog]

Sierra Wireless is an IoT pioneer, empowering businesses and industries to transform and thrive in the connected economy.

Products

All-in-One Edge-to-Cloud Solution
Smart IoT Connectivity and Managed IoT Solutions
Embedded Solutions: Modules and Modems
Networking Solutions: Routers and Gateways

https://www.sierrawireless.com/

[Golden Cross]

$SWIR 50sma crossed the 200sma for a bullish cross Friday

[Blue Horse Shoe1]

Good morning. Anyone from Yahoo board make it over here? I suggested the leap.

[whytestocks]

News: $SWIR Better Buy: Sierra Wireless vs. Cisco

Sierra Wireless (NASDAQ: SWIR) and Cisco (NASDAQ: CSCO) both play crucial roles in connecting devices across the world. Sierra is the world's leading provider of M2M (machine-to-machine) modules and gateways, and Cisco is the top manufacturer of networking switches and routers. I compar...

In case you are interested SWIR - Better Buy: Sierra Wireless vs. Cisco

[Bender77]

ER is out
https://www.avanza.se/placera/pressmeddelanden/2019/07/31/sierra-wireless-inc-sierra-wireless-reports-second-quarter-2019-results.html

[Bender77]

https://www.fool.com/investing/2019/06/18/could-this-iot-stock-become-the-next-cypress-semic.aspx

[Bender77]

got some minor upgrades today, that short may not be happy if the MSFT thing takes off. ALL MSFT field sellers are heavily focused on IoT plays right now. This has potential....

[Blue Horse Shoe1]

So a short is sitting on it. what do they know that we don't? this is not good.

[Bender77]

very interesting, 20% of yesterdays volume was short.

[Bender77]

Everyone should watch the presentation....freakin awesome!
https://event.on24.com/eventRegistration/EventLobbyServlet?target=lobby.jsp&eventid=2024782&sessionid=1&key=B4BBE62ED04C8BBEBF93A1EC4D173519&eventuserid=243553452

[Bender77]

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.

“Jim brings strong experience building businesses within large carriers and early stage IoT environments,” said Mr. Thexton. “His 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.”

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]

RvR is very good here, not much downside since we are sitting near the all time low. Tons of potential gain.

[Bender77]

Sierra Wireless Collaborates With Microsoft to Develop Full-Stack IoT Solution; Shares Rise
BY MT Newswires
— 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.

[Bender77]

90-Day Avg. Vol.
306,387

[Bender77]

Shares Outstanding 36,151,000
Market Capitalization $450.34M

[Bender77]

Great news this morning on the collaboration with MSFT. Just need volume.

[ernie44]

cheap at half the price--can we trust it to be the bottom

[Blue Horse Shoe1]

Another mention of a merger. Anyone?

https://rethinkresearch.biz/articles/sierra-wireless-mulls-buying-telit-for-low-power-module-consolidation/

[Blue Horse Shoe1]

Does anyone know anything about this article?

https://www.thisismoney.co.uk/money/markets/article-6146289/Scandal-hit-Telit-Communications-targeted-1bn-internet-merger-Sier

[ciciagt]

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.

“In the second quarter of 2018, we delivered solid revenue and adjusted EBITDA growth on a year-over-year and sequential basis,” said Kent Thexton, Interim CEO. “Our 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.”

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

[Admtiger]

I've been in this for seven quarters now and I think they have beaten estimates every time, I don't get it!!!

[Blue Horse Shoe1]

Crushed Earnings so the requisite 30% decline will follow....WTF!

[MisterEC]

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 :)

[Admtiger]

Picked up a few more myself, cannot believe Fridays action.

[MisterEC]

I doubled up on the calls, and have some more SWIR at an even better net price.

[Admtiger]

Same here first entered around $12 18 months ago.

[Blue Horse Shoe1]

I've been in this for a long time holding for long term, not trading. I will in it when it traded to 49. I don't know what people are looking for. this company is a dream on paper and positioned perfectly for the future. maybe the closing of Numerex Deal will solidify this.

[Admtiger]

That's for sure, maybe they ought to try losing money so the share price will rise:)

[Blue Horse Shoe1]

They Have been consistently posting good numbers. this one is an enigma.

[Admtiger]

Looks like good numbers...

[Admtiger]

Once again I must be missing something. You didn't point anything out, your post contradicted the earlier one where you said they missed. Seeking Alpha posted that info way back in August. I've been in and out of this since it was at $12. I am in at the present because of my DD, I think this is a great long team play.

[MisterEC]

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.

[Admtiger]

But you said they missed. The article even says they beat expectations.

[value1008]

I was led to believe that the news report was quite mistaken in using Canadian dollars, not USD.

[MisterEC]

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.

[Admtiger]

I must be reading something wrong, I'm not seeing where they missed. I know some were not happy with their acquisition.

[MisterEC]

Last quarter they missed and the stock price dropped big time.

Looking for another good quarter here! Hopefully the market responds in kind.

[Admtiger]

Looking for another good quarter here! Hopefully the market responds in kind.

[MisterEC]

Sierra Wireless is building the Internet of Things

Sierra Wireless is building the Internet of Things

I bought more on August 3rd at 23.00

[MisterEC]

Sierra Wireless is building the Internet of Things

This months issueSierra Wireless is building the Internet of Things

[DITRstocks]

yeah i don't follow those. PTs are manipulation for whatever side pays more imho

[value1008]

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.

[DITRstocks]

oye vay!

[value1008]

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.

[DITRstocks]

cheapies for grabs here at 24 imho

[value1008]

This one is sure getting hammered today. I've been buying different tranches in $24s. I don't believe this will fall into $23s but i've been wrong before. That's where i was trying to buy it in early May before SWIR took off for higher trading range.

Rising 200dma on both the daily chart & weekly chart at 23.05 should provide very strong support here. RSI on daily chart is very oversold right now at 27.4. This selloff seems like it's reached overkill level, unwarranted on just 10% dilution and the $20M payoff of Numerex's debt. SWIR ceo is very bullish on synergies with this deal, even if earnings from Numerex won't be accretive for another 18 months or so (assuming deal holds).