Are You Ready for Sierra Wireless’ Q3 Report?

Are You Ready for Sierra Wireless’ Q3 Report?

Shares of Sierra Wireless (NASDAQ: SWIR) hit a rough patch after the company announced in early August that it will be acquiring enterprise-solutions provider Numerex in a stock-for-stock transaction worth $107 million. The resulting dilution has hurt the Internet of Things (IoT) specialist's stock price in recent months in spite of a strong showing in the second quarter.

However, the acquisition now seems to be priced in to Sierra's stock after a 24% drop in market capitalization over the past three months. Investors will now be looking for a fresh set of catalysts in the company's upcoming third-quarter earnings report that's due after the market closes on Nov. 2. But will Sierra give investors reasons to celebrate? Let's take a look.

Image Source: Getty Images

Continue reading

Source: Fool.com