Topic: How To Invest

Stock Pickers Digest Hotline – Friday, August 10, 2018

Article Excerpt

SIERRA WIRELESS INC., $25.45, symbol SW on Toronto, makes digital components that connect products, including smart electricity meters and vehicles, to the Internet. This is known as machine-to-machine networking, or the “Internet of Things.” The stock jumped over 21% this week after the company reported strong second-quarter results. In the three months ended June 30, 2018, Sierra made sales of $201.9 million. That’s up 16.4% from $173.4 million a year earlier (all figures except share price in U.S. dollars). Excluding one-time items, Sierra earned $9.7 million, or $0.27 a share. That was down slightly from $9.8 million, or $0.30, a year earlier. However, it beat the consensus estimate of $0.21 by a wide margin. As well, the latest results also reflect higher one-time costs from the integration of Sierra’s latest acquisition, Numerex Corporation (see below). To remain competitive, Sierra spends a high 12% of its revenue on research. The company also buys firms with technology and products that it can use for its existing…

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