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Fly News Breaks for February 14, 2019
Feb 14, 2019 | 08:43 EDT
BMO Capital analyst Thanos Moschopoulos lowered his price target on Sierra Wireless to $13 and kept his Market Perform rating after its mixed Q4 results and a "large guidance miss" driven by the OEM segment. The analyst also cites the management's anticipated "market share losses in mobile computing and networking, between now and the 5G product cycle". Moschopoulos is positive on the company's focus to leverage its device to cloud capability, but believes that it needs to show "better revenue growth and margin trajectory".
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