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2 Reasons Sierra Wireless Can Get Better

TheMotleyFool

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2 Reasons Sierra Wireless Can Get BetterPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png

2 Reasons Sierra Wireless Can Get Better

Sierra Wireless (NASDAQ: SWIR) is a pure-play Internet of Things (IoT) specialist that has set its sights on making the most of an emerging market that's set to boom in the long run. The chipmaker has managed to bring its business back on track in recent months, after a flat performance last year.

Sierra reported double-digit revenue growth in the latest quarter that significantly boosted its earnings. But more importantly, the company has now decided to step on the gas and make a bigger dent in the IoT space. Sierra recently announced two new acquisitions -- Numerex and Flow Search Corp. ("FlowThings") -- that could bolster its presence in the IoT space. Let's see how.

Image source: Getty Images.

Source: Fool.com