Sierra Wireless, Inc. (SWIR) To Report Fourth-Quarter Results Today

Analyst Kevin Dede at Jesup & Lamont has released an update on Sierra Wireless, Inc. (NASDAQ: SWIR). The company will report results for the fourth-quarter today.

Jesup & Lamont estimates the company to report EPS of $0.17 on sales of $143 million, which is in line with the guidance provided by the company. Jesup & Lamont expects overall trends to have remained stable in the fourth-quarter.

Jesup & Lamont has a bullish outlook for the company, given the gradually improving economy and the company’s exposure to more cyclical business. Jesup & Lamont has maintained a Buy rating for Sierra Wireless, Inc., with a price target of $12.