SWIR Stock Prediction: Sierra Wireless’ Long-Term Plan Makes Up For Short-Term Guidance

Sierra Wireless Corporation’s objective is to simplify the connected world by distributing wireless solutions. Despite its global leading position in Machine-To-Machine (M2M) and Cloud devices, the stock has tumbled since the beginning of the year by almost 50%. The stock price fell quickly in May despite the positive quarterly results, as investors have been disappointed about the weaker guidance of the firm. While the guidance was lower, the stock should still rebound during the rest of the year due to its long-term strategy.

SWIR stock prediction