Sierra Wireless Buyback
OLI recorded this information on 12/1/2016
Company:
Sierra Wireless
Buyback:
SWIR buyback
Share Amount Authorized:
3,149,199
Buyback Details:
Sierra Wireless (NASDAQ:SWIR) (TSX:SW.CA), a leading provider of fully integrated end-to-end solutions for Internet of Things (IoT) applications, today announced that, in connection with its previously announced normal course issuer bid (the "NCIB") to purchase for cancellation up to 3,149,199 of its common shares ("Common Shares"), it entered into an automatic share purchase plan ("APP") with a designated broker to allow for the purchase of Common Shares under the NCIB at times when the Company would ordinarily not be permitted to purchase shares due to regulatory restrictions.
Sierra Wireless is an Internet of Things (IoT) provider engaged in providing integrated Device-to-Cloud IoT solutions that are comprised of its recurring connectivity services, its IoT embedded cellular modules and routers, its cloud platform, and its embedded cellular modules and routers. Co. has two reportable segments: IoT Solutions and Enterprise Solutions. Co.'s IoT Solutions segment includes its cellular wireless IoT module solutions, embedded broadband solutions, and IoT connectivity services. Co.'s Enterprise Solutions segment includes its range of Sierra Wireless AirLink® routers, IoT applications and advanced network management, managed network services, and mobility applications.
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Avg. Broker Rec.
 
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: SWIR Stock Forecast Based on Zacks ABR data; powered by Xignite |
