Sierra Wireless Is Too Cheap

  • The company is a leading IoT play, and as such, it should enjoy structural tailwinds from the market.
  • The company is leveraging its leading position by providing total solutions, attaching more services and increasing recurring revenues, which should lead to some margin expansion.
  • Given the structural tailwinds and the temporary headwinds, we believe the shares have considerable room to run.

Source: Sierra Wireless Is Too Cheap – Sierra Wireless, Inc. (NASDAQ:SWIR) | Seeking Alpha