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Sierra Wireless Is Up Almost 40% in 2017. Is it Still a Buy?

TheMotleyFool

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Sierra Wireless Is Up Almost 40% in 2017. Is it Still a Buy?

Shares of the wireless communications equipment manufacturer Sierra Wireless (NASDAQ: SWIR) have risen close to 90% this year before dropping slightly after analysts were less than impressed by the company's tepid Q3 forecast. Shares are still up almost 40% over the last 12 months though, largely driven by a turnaround in its original equipment manufacturer (OEM) business that accounts for the majority of its revenue.