Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) reported 6/30/2018 earnings this Afternoon, coming in at $0.27 per share, beating Wall Street’s estimates of $0.21 per Share. Revenue for the quarter came in at $201.90 million beating analyst estimates of $199.17 million
About Company Sierra Wireless, Inc., together with its subsidiaries, engages in building the Internet of Things (IoT) with intelligent wireless solutions in North America, Europe, and the Asia Pacific. It operates in three segments: Original Equipment Manufacturer (OEM) Solutions, Enterprise Solutions, and Cloud and Connectivity Services. The OEM Solutions segment offers embedded cellular modules, short range wireless modules, software, and tools to integrate wireless connectivity into various products and solutions for OEM customers, including the embedded wireless modules product portfolio; and Legato, an open source, Linux-based application framework. This segment provides its products and solutions to a range of industries, including automotive, transportation, enterprise networking, energy, sales and payment, mobile computing, security, industrial monitoring, field services, residential, healthcare, and other industries. It also offers professional services to OEM customers during their product development and launch process. The Enterprise Solutions segment provides a range of second, third, and fourth generation LTE intelligent cellular routers and gateways, as well as security and device management solutions, and professional services to public safety, transportation field service, energy, industrial, retail, and financial enterprises. The Cloud and Connectivity Services segment provides secure and scalable cloud based platform for deploying and managing IoT subscriptions, devices, data, and applications; connectivity services, which include smart SIM and core network platforms; and managed broadband cellular services. Sierra Wireless, Inc. sells its products directly, as well as through various indirect channels, such as OEMs, distributors, value added resellers, and hardware vendors, as well as SIM vendors and mobile network operators. The company was founded in 1993 and is headquartered in Richmond, Canada.Recent Analyst Rating for Sierra Wireless, Inc. (USA) (NASDAQ:SWIR)
Recent Trading for Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) Shares of Sierra Wireless, Inc. (USA) closed the previous trading session at 16.20 up +0.50 3.18% with shares trading hands.
