On Friday, Shares of Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) gained 31.10% to $24.45. The share price is trading in a range of $23.05 – 25.25. The stock exchanged hands with 3.88 million shares contrast to its average daily volume of 215,771 shares.
Sierra Wireless (SWIR) (SW.TO), a leading provider of fully integrated device-to-cloud solutions for the Internet of Things (IoT), declared that Volkswagen has selected Sierra Wireless AirPrime® AR Series modules and the Legato® platform for its next generation of connected cars. Sierra Wireless’ integrated 4G technology will reach the market starting in 2018 in several Volkswagen models worldwide.
Sierra Wireless automotive solutions will deliver high-speed cellular connectivity for the Volkswagen Car-Net platform, which provides various in-vehicle internet-based services, counting remote vehicle access, roadside assistance, diagnostics and maintenance, and the ability to set speed and boundary alerts. Owners can use their applications over the integrated 4G-LTE connection offered by the Sierra Wireless AirPrime module.
Volkswagen will utilize Sierra Wireless technology to expand into additional value-added connected services and telematics. These services are facilitated through the Legato platform, which provides an application framework and development environment that allows third-party applications to be built and hosted directly on the wireless module.
“Volkswagen is a leader in delivering connectivity in their cars, and the Car-Net platform is a prime example of the value that a well-designed connectivity solution can deliver to drivers and their passengers,” said Dan Schieler, Senior Vice President and General Manager, OEM Solutions, Sierra Wireless. “Volkswagen drives us to continuously innovate, and we’re happy to extend our partnershipto their next-generation connected cars.”
Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) have shown a high EPS growth of 40.50% in the last 5 years and has earnings growth of -155.10% yoy. Analysts have a mean recommendation of 2.70 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). The stock appeared 20.56% below its 52-week highs and is up 36.97% for the last five trades.
Shares of WEC Energy Group Inc (NYSE:WEC) inclined 0.19% to $57.54. The share price of the stock surged 0.86% for the year.
Analysts give WEC a mean recommendation of 2.50. The company has grown 3.77% in past 3 months and in the last five trades has moved down -0.17%. The stock has earnings growth of 8.70% yoy and showed a high EPS growth of 6.30% over the past five years. The stock’s price moved down its 200-day moving average of $59.05. The stock is presently trading down its SMA-50 of $58.36.