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Internet of Things and 5G Stock Sierra Wireless Is Still in a Slump -- For Now

Nicholas Rossolillo, The Motley Fool
·4 min read
Internet of Things and 5G Stock Sierra Wireless Is Still in a Slump -- For Now

The share price of Internet of Things (IoT) company Sierra Wireless (NASDAQ: SWIR) has been languishing the last couple of years. Sierra's total revenue increased 3.6% year over year in Q3 to $180 million, although that's still below the $203 million total registered in the same period in 2018. Excluding revenue from the legacy automotive hardware segment it's selling off to a consortium of investors led by China-based Fibocom for $165 million, Sierra's Q3 sales were down 17% year over year to $113 million.

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