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.
SWIR Revenue (Quarterly) data by YCharts
Source: Fool.com
Sierra Wireless Inc. Stock
€28.57
-1.250%