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Fly News Breaks for August 3, 2018
SWIR
Aug 3, 2018 | 09:03 EDT
Roth Capital analyst Scott Searle said that Sierra Wireless' "beat and raise" quarterly report and announcement of a buyback authorization should alleviate concerns. The analyst, who sees the company being well positioned for the "coming wave of connected devices" given its new product cycles and general IoT and cloud strength, raised his estimates for Sierra Wireless and increased his price target on the stock to $23 from $22 and keeps a Buy rating on the share.
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