So what: Even after today’s pop, note Sierra Wireless stock has still fallen more than 30% so far this month, including a 25% single-day drop after the Internet of Things specialist released weaker-than-expected third-quarter results a little over a week ago. Keeping in mind Sierra Wireless had already issued similarly disappointing guidance with each of its two previous earnings reports, Q3 technically marked the first time this year that Sierra Wireless also fell short of Wall Street’s already reduced top- and bottom-line estimates.
Anyone that might be interested in this stock may want to listen/read the latest earnings conference. There wasn’t much to be excited about in the call or at least I didn’t find much at all.