Scalper1 News
Sierra Wireless (SWIR) got a target price hike on Tuesday following its announcement a day earlier that it will pay $90 million for Swedish machine-to-machine connectivity and data-management service firm Wireless Maingate. “We believe the acquisition is consistent with Sierra management’s strategy to leverage its strong balance sheet and bolster its higher-margin Enterprise Solutions business with margin-accretive recurring revenue business Scalper1 News
Scalper1 News