February 9, 2018 / 3:25 PM / 10 months ago

BUZZ-Sierra Wireless: Hits more than 1-year low as co posts Q4 loss

    ** Canadian wireless equipment maker's shares fall
~13 pct at C$19.94 after co reports Q4 loss vs year-ago profit
    ** Both U.S.-listed and Canadian-listed shares of
co hit a more than one-year low
    ** Co says Q1 2018 to be impacted by "some unusual" and
mainly non-recurring items
    ** As many as 4 brokerages cut PT of SWIR; CIBC says co's
margins in 2018 will be compressed due to its program with
Volkswagen to provide 4G tech for connected cars
    ** RBC says supply constraints and one-time investments
related to acquisition of Numerex account for Q4 shortfall
    ** 4 of 9 brokerages rate the Canadian stock "buy" or
higher, 4 "hold" and 1 "sell"; median PT $23.41
    ** Canadian-listed stock had risen 22.7 pct last year; so
far stock has fallen 24.8 pct this year
    
 Brokerages cut PT of         
                  New               Old
 CIBC             $20               $21
 RBC              $23               $25
 BMO              $20               $26
 TD Securities    $21               $28
 
 (Reporting by Anirban Paul)
  
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