Simplex Trading buys $609,866 stake in Sierra Wireless (USA) (SWIR)

Sierra Wireless (USA) (SWIR) : Simplex Trading scooped up 7,203 additional shares in Sierra Wireless (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 43,718 shares of Sierra Wireless (USA) which is valued at $609,866.Sierra Wireless (USA) makes up approximately 0.08% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Advisory Services Network added SWIR to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $6,975.

Sierra Wireless (USA) closed down -0.04 points or -0.29% at $13.95 with 1,81,655 shares getting traded on Friday. Post opening the session at $13.94, the shares hit an intraday low of $13.78 and an intraday high of $14.08 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Sierra Wireless (USA) reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.12. The company had revenue of $156.23 million for the quarter, compared to analysts expectations of $154.95 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Sierra Wireless (USA). Sierra Wireless (USA) was Downgraded by CIBC to ” Sector Underperform” on Aug 5, 2016.

Sierra Wireless Inc. is a provider of cellular wireless solutions to the machine-to-machine (M2M) and connected device markets. The Company develops and markets a range of wireless products that include embedded modules and embedded software for original equipment manufacturers (OEMs) gateways and routers for industrial commercial and public safety applications and a cloud-based platform for delivering device management and enabling end-to-end applications. The company’s products services and solutions connect people their mobile computers and machines to wireless voice and data networks around the world. The Company operates through two segments: OEM Solutions which includes AirPrime embedded wireless modules (including embedded wireless modules for PC OEM customers) and Enterprise Solutions which includes Airlink Intelligent Gateways AirVantage M2M Cloud and InMotion Solutions.

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