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This Tech Stock Trading Under $20 Is Exploding

TheMotleyFool

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This Tech Stock Trading Under $20 Is Exploding

Sierra Wireless (NASDAQ: SWIR) stock exploded after the company's third-quarter earnings report, released on Nov. 9, exceeded expectations thanks to the soaring demand for chips used in Internet of Things (IoT) applications. Shares of the IoT specialist jumped nearly 15.8% after earnings were released.

Investors who missed the recent pop in Sierra need not worry, however, as the stock seems primed for more upside. Let's look at the reasons why this tech stock is still a solid bet.