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Sierra Wireless Looks Too Cheap to Ignore

TheMotleyFool

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Sierra Wireless Looks Too Cheap to IgnorePhoto, wide shot, wide-angle lens, Semiconductor company, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/92ce44e9-64c7-4458-9a95-b706ed510490.png

Though the number of devices with a network connection is growing by the millions every year, that hasn't exactly created a windfall for connectivity-chip maker Sierra Wireless (NASDAQ: SWIR). Semiconductors -- even those for the fast-growing Internet of Things (IoT) movement -- are a cyclical business, and suppliers are ultimately at the mercy of their end customers. Mobile computing, in particular, has been stuck in a rut of late -- not a good sign for Sierra's top or bottom line.

Nevertheless, second-quarter 2019 results showed that the company might be at or near a trough, and if that's indeed the case, the stock just might be a steal right now.