Sierra Wireless (NASDAQ: SWIR) is
engaged in the development and marketing of wireless communications modems. Its products permit laptop computers, handheld mobile computing devices and vehicle-based systems to access wireless data and voice communications networks. Sierra's devices are used primarily by businesses and government organizations to enable their employees to connect with the Internet, e-mail, corporate intranets, remote databases, and computer-aided dispatch units. Customers include AT&T (NYSE: T), Sprint Nextel (NYSE: S) and Verizon Communications (NYSE: VZ).
The firm pleased investors last week, when it reported Q4 EPS of 37 cents and revenues of $135.6 million. Analysts had been expecting 35 cents and $125.7 million. In discussing the solid quarter, the CEO pointed to the successful launch of new products. Management also guided Q1 EPS to 30 cents (28 cent consensus) and Q1 revenues to $136 million ($120.71M consensus). JMP Securities subsequently reiterated its "strong buy" recommendation.




