Why Is Sierra Wireless (SWIR) Stock Soaring Today?

Sierra Wireless (NASDAQ:SWIR) shares are booming today following analysts’ notes on the stock.

Sierra WirelessThe wireless communications company has been assigned an average rating of “Hold” from all analysts — a total of thirteen — covering the stock.

One analyst rated Sierra Wireless a “sell,” with seven suggesting a “hold” and three assigning a “buy” rating to the company.

The average 12-month price target among analysts that have issued ratings on the stock in the last year is $28.23.

Sierra Wireless last released its quarterly earnings data on Friday, November 6th, reporting $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.02.

SWIR stock is up 16.75% Monday.

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