SWIR – Sierra Wireless (Nasdaq) (Closing Price – $16.77)
Sierra Wireless reported outstanding first quarter results today and I think the share price is going to make some huge gains in the next few months.
Sierra Wireless reported revenues of 85.43 million which was a huge jump sequentially and almost double what they made in the corresponding quarter last year. Sierra came in with earnings of 0.20 per diluted share which doubled what they earned sequentially and year over year. They also posted impressive guidance for the second quarter: revenues of 92 million and earnings of 0.21. (more…)