Wisco research Maintains Buy Rating For Sierra Wireless, Inc. (SWIR)

Analyst Kevin Dede at Wisco Research has released an update on Sierra Wireless, Inc. (NASDAQ: SWIR).

The company reported sales of $151.3 million for the March quarter, beating Wisco Research’s estimate of $150 million. EPS of $0.13 was also ahead of the brokerage firm’s estimate of $0.11. The upside was driven by continued strength in the company’s auto and industrial M2M business supplemented by strong initial shipments of modules for the Barnes & Noble (NYSE: BKS) e-book reader “Nook.”

Wisco Research has maintained its Buy rating and 12-month price target of $12 for Sierra Wireless, Inc.