- The shares of Sierra Wireless are lingering on restructuring cost and some temporary headwinds from some part of the markets.
- But the rest of the year should be better as the revenues from their automotive clients start to ramp.
- But the company is undergoing a more structural transition into a more integrated IoT solutions provider, producing higher margins and recurring revenues.
- Together with the cost cutting program and the explosive growth in connectivity, that should propel the company and its shares forward for the next several years.
Source: Sierra Wireless Loading The Flywheel – Sierra Wireless, Inc. (NASDAQ:SWIR) | Seeking Alpha