Sierra Wireless, Inc.NASDAQ
Long Sierra, Short CalAmp - Betting On Convergence In Margin And Valuation
Brendan Rose • 17 Comments
Brendan Rose • 17 Comments
Sierra Wireless: A Pure-Play On The Internet Of Things
Helix Investment Research • 59 Comments
Helix Investment Research • 59 Comments
Wed, Sep. 7, 2:10 AM
- Verizon (NYSE:VZ) will deploy LTE CAT-M (also known as LTE Category M1) for Internet of Things (IoT) applications throughout its network by year-end, making it the first U.S. operator to do so.
- LTE CAT-M offers several benefits: longer battery life for IoT devices (up to 10 year or more); modules less expensive than regular 4G LTE modules; and better network coverage in buildings and underground.
- Competitor AT&T (NYSE:T) is planning to test LTE CAT-M in November and deploy in 2017.
- The commitment to CAT-M is good news for companies like Sequens, Altair, Sierra Wireless (NASDAQ:SWIR), U-Blox (OTC:UBLXF), Telit (OTCPK:TTCNF), Gemalto (OTCPK:GTOFF, OTCPK:GTOMY), Nokia (NYSE:NOK) and others, who require a strong operator commitment to move forward with their chipsets, modules, and associated devices.
Fri, Aug. 5, 5:42 PM
Fri, Aug. 5, 3:00 PM
Fri, Aug. 5, 12:46 PM
Fri, Aug. 5, 9:12 AM
Thu, Aug. 4, 5:35 PM
Thu, Aug. 4, 4:34 PM
Wed, Aug. 3, 5:35 PM
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Mon, Jun. 6, 7:14 AM
- Sierra Wireless (NASDAQ:SWIR) and Movimento announce a new partnership aimed at providing a cloud-based platform for connecting automobiles.
- According to data collected by J.D. Power through its SafetyIQ program, 189 separate software recalls have been issued in the past five years, impacting more than 13M vehicles. The companies say with their solution, these recalls could be easily and efficiently resolved over-the-air, and without missing any vehicles.
- "Our combined solution removes all of the complexity for auto OEMs and Tier One vendors who supply the connected car industry," said Mahbubul Alam, CTO/CMO of Movimento.
- Source: Press Release
Fri, May 6, 12:45 PM
Fri, May 6, 10:37 AM
- With shares having gone into earnings down over 65% from their late-2014 highs, Sierra Wireless (SWIR +23%) is soaring after beating Q1 estimates and reiterating full-year guidance for revenue of $630M-$670M and EPS of $0.60-$0.90 (consensus is at $640.1M and $0.70).
- Q2 guidance is in-line: Revenue of $150M-$160M and EPS of $0.09-$0.17 vs. a consensus of $154.1M and $0.14.
- OEM Solutions (modem/module) revenue fell 9.1% Y/Y in Q1 to $120.9M. Enterprise Solutions grew 9% to $15M. Connectivity Services (boosted by the MobiquiThings acquisition) grew 92% to $6.9M.
- A $2.3M settlement with a supplier boosted EPS by $0.05. Gross margin rose 30 bps Y/Y to 32.9%, and operating expenses rose by $3.1M to $43.3M. Sierra ended Q1 with $86.1M in cash and no debt.
- Sierra's Q1 beat, earnings release
Thu, May 5, 4:30 PM
Wed, May 4, 5:35 PM
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Fri, Mar. 11, 5:38 PM
Mon, Feb. 29, 5:56 PM
- Three weeks after announcing a normal course issuer bid (NCIB) to buy back up to 3.4M shares had been approved, Sierra Wireless (NASDAQ:SWIR) says it has repurchased 549,583 shares (over 1% of outstanding shares) through the NCIB as of today.
- Sierra adds it has entered into an automatic share repurchase plan (APP) with a broker that allows it to buy back shares at times when the company otherwise couldn't due to regulatory restrictions (e.g. a pre-earnings blackout period).
- Shares remains down 10% from where it traded before posting a Q4 miss and issuing soft guidance on Feb. 4, but (apparently with the help of buybacks) has risen 36% from a Feb. 11low of $9.69.
Tue, Feb. 16, 3:05 PM
- Plenty of tech companies are posting outsized gains on a day the Nasdaq is up 2%. Not surprisingly, many of the standouts are companies that have been hammered since New Year's.
- Notable gainers include action camera leader GoPro (GPRO +12.9%) and GoPro video processor supplier Ambarella (AMBA +6.2%), threat-prevention tech provider FireEye (FEYE +11.2%), supercomputer maker Cray (CRAY +19.5%), chip packaging/testing firm ChipMOS (IMOS +17.8%), point-of-sale hardware/software firm NCR (NCR +9.7%), Web hosting/domain registration firm GoDaddy (GDDY +9%), and driver-assistance system provider Mobileye (MBLY +7.4%). FireEye fell on Friday in the wake of its Q4 report.
- Other big gainers: RF chipmakers Skyworks (SWKS +6.4%) and Qorvo (QRVO +8.9%), 4G modem/M2M module maker Sierra Wireless (SWIR +8%), microcontroller/flash memory maker Cypress Semi (CY +7.5%), microphone maker Knowles (KN +8%), inventory-tracking hardware firm Zebra Technologies (ZBRA +8.5%), cloud HR software firm Paylocity (PCTY +7.8%), cloud collaboration/chat software firm Atlassian (TEAM +10.5%), touch controller/display driver vendor Synaptics (SYNA +7.8%), and online P2P lender LendingClub (LC +14.2%). LendingClub rallied last week after posting a Q4 beat and announcing a $150M buyback.
- Previously covered: Solar stocks, Chinese tech stocks, Groupon, Sonus, Black Box, Canadian Solar, Palo Alto Networks, Qualcomm