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This Tech Stock Has Jumped 43% Since May, and It Looks Poised for More

TheMotleyFool

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This Tech Stock Has Jumped 43% Since May, and It Looks Poised for More

Sierra Wireless' (NASDAQ: SWIR) stock price has been in fine form since the company released its first-quarter earnings results on May 13, gaining over 40% driven by impressive progress in the Internet of Things and 5G markets.

Wall Street had showered Sierra stock with love following the Q1 report, which revealed a solid spike in demand for the company's IoT solutions. Investors will be hoping for a similar story to unfold when the chipmaker reports its second-quarter results on Thursday, Aug. 12, and the good part is that their wish is likely to come true. That's because Sierra Wireless looks poised to deliver strong results once again. Let's see why.