Has Sierra Wireless Finally Turned A Corner?

Sierra Wireless (NASDAQ: SWIR) has failed to live up to its massive potential, as its largest business -- original equipment manufacturer (OEM) solutions -- has hit a brick wall. The story was no different when it released its fiscal first-quarter results in early May. The Internet of Things (IoT) specialist saw a tepid annual increase of just 2% in OEM solutions revenue, while gross margin in the segment fell nearly 3 percentage points.But Sierra investors were a satisfied lot as the company showed that it has found new catalysts to offset the weakness in OEM solutions.

Topics:  sierra wireless nasdaq   swir    may the internet   things iot    images   sierra   oem   solutions   revenue   massive   year   
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