2 Catalysts Sierra Wireless Investors Shouldn’t Miss
Sierra Wireless' (NASDAQ: SWIR) fortunes on the stock market have taken a turn for the worse since the beginning of August, when the company announced a significantly dilutive stock-for-stock merger with Numerex. The deal is expected to close in the coming weeks. Sierra Wireless has fallen spectacularly from its 52-week highs of around $32 per share, losing roughly a third of its its market capitalization in the past six months, despite consistently strong results.
Sierra once again reported better-than-expected results on Nov. 2 and issued guidance that was in line with what analysts were expecting, but this failed to lift the sentiment on Wall Street. However, investors should ride out this phase of stock price weakness since Sierra Wireless is built for long-term gains, as indicated by key takeaways from the latest earnings call.
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Source: Fool.com
