Time to Get Greedy With Sierra Wireless, Inc. Stock

When Sierra Wireless (NASDAQ: SWIR) released third-quarter 2017 results early last month, the Internet of Things (IoT) specialist rightly lauded continued performance improvements across its business. Revenue climbed nearly 13% to $173.2 million, and adjusted net income per share jumped almost 80% to $0.23 -- with both figures easily outpacing the company's latest financial guidance.

But Sierra Wireless shares have fallen around 10% since then. And though the stock is still up more than 30% year to date, I think the recent pullback has created an opportunity for longer-term investors to open or add to a position.

IMAGE SOURCE: SIERRA WIRELESS.

Source: Fool.com