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Sierra Wireless (NASDAQ:SWIR) was downgraded by investment analysts at Cormark to a “market perform” rating in a note issued to investors on Tuesday, AnalystRatingsNetwork reports.

A number of other firms have also recently commented on SWIR. Analysts at Salman Partners downgraded shares of Sierra Wireless from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. Separately, analysts at RBC Capital raised their price target on shares of Sierra Wireless from $20.00 to $28.00 in a research note to investors on Friday, January 3rd. They now have an “outperform” rating on the stock. Finally, analysts at Stephens downgraded shares of Sierra Wireless from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.96.

Sierra Wireless (NASDAQ:SWIR) traded up 0.80% during mid-day trading on Tuesday, hitting $21.30. 897,374 shares of the company’s stock traded hands. Sierra Wireless has a 52-week low of $9.85 and a 52-week high of $26.65. The stock’s 50-day moving average is $22.15 and its 200-day moving average is $17.23. The company has a market cap of $643.7 million and a P/E ratio of 8.59.

Sierra Wireless (NASDAQ:SWIR) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. The company had revenue of $112.30 million for the quarter, compared to the consensus estimate of $113.53 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts expect that Sierra Wireless will post $0.21 EPS for the current fiscal year.

Sierra Wireless, Inc (NASDAQ:SWIR) is engaged in the development of wireless technologies and solutions.

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