Sierra Wireless Inc.
(SWIR - Free Report
) was a big mover last session, with shares rising over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the stock which is now trading above the volatile price range of $17.09 to $19.51 in the past one-month time frame.
The company has seen one positive revision and no negative revision in the last 30 days and its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Sierra Wireless. So make sure you keep an eye on this stock going forward to see if the latest jump can turn into more strength down the road.
Sierra Wireless currently has a Zacks Rank #3 (Hold) while its Earnings ESP
Some better performing stocks in the wireless equipment industry include ShoreTel, Inc.
((SHOR - Free Report)
), Ubiquiti Networks, Inc.
((UBNT - Free Report)
) and Harris Corporation
((HRS - Free Report)
). While ShoreTel and Ubiquiti carry a Zacks Rank #1 (Strong Buy), Harris Corporation has a Zacks Rank #2 (Buy).
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