Why Sierra Wireless Shares Jumped 10% Today [The Motley Fool]
Sierra Wireless, Inc. (SWIR)
Last sierra wireless, inc. earnings: 2/13 04:32 pm
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US:NASDAQ Investor Relations:
sierrawireless.com/company/investor-information
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Source: The Motley Fool
Why Sierra Wireless Shares Jumped 10% Today The Internet of Things specialist's stock crashed hard on Thursday due to a sluggish earnings report, then recovered a bit on Friday on no news at all. Shares of Internet of Things hardware specialist Sierra Wireless ( NASDAQ:SWIR ) traded higher on Friday, reaching a gain of 11.3% at 3:45 p.m. EST. The company didn't have any news to report today, but investors appear to have decided that Thursday's drastic price drop was too sharp after all. Sierra's fourth-quarter report showed slowing top-line growth and lower earnings, inspiring a slew of immediate analyst downgrades and target price cuts. By the end of Thursday, the stock had taken a 27% haircut . Again, the company didn't have anything new to add to the discussion on Friday. It simply started drifting higher in the early morning, and the gains kept coming all day long. As we head into the weekend, Sierra Wireless has erased about half of Thursday's huge price drop. This is not an unu
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