DragonWave Inc. (DRWI) Upgraded at Zacks Investment Research
According to Zacks, “DragonWave is a leading provider of high-capacity packet microwave solutions that drive next-generation IP networks. DragonWave’s carrier-grade point-to-point packet microwave systems transmit broadband voice, video and data, enabling service providers, government agencies, enterprises and other organizations to meet their increasing bandwidth requirements rapidly and affordably. The principal application of DragonWave’s products is wireless network backhaul. Additional solutions include leased line replacement, last mile fiber extension and enterprise networks. DragonWave’s award winning Horizon® solutions are known in the industry for their leading capacity, reliability, and spectral efficiency. The company has a network of distributor and reseller partners globally. Customers include Carriers, Service Providers, Utilities, WISP’s and Enterprises. DragonWave’s corporate headquarters is located in Ottawa, Ontario, with sales locations in Europe, the Middle East and North America. “
Several other equities research analysts also recently weighed in on the company. Desjardins downgraded DragonWave from a hold rating to a sell rating in a report on Saturday, May 21st. Rodman & Renshaw started coverage on DragonWave in a report on Tuesday, September 6th. They issued a buy rating and a $4.00 price target on the stock.
DragonWave (NASDAQ:DRWI) opened at 2.72 on Wednesday. DragonWave has a one year low of $1.50 and a one year high of $10.66. The stock’s 50 day moving average price is $3.01 and its 200-day moving average price is $4.23. The company’s market capitalization is $9.86 million.
DragonWave (NASDAQ:DRWI) last issued its quarterly earnings results on Wednesday, July 13th. The company reported ($1.23) earnings per share for the quarter, missing the consensus estimate of ($0.85) by $0.38. DragonWave had a negative return on equity of 258.11% and a negative net margin of 55.79%. The business earned $12.50 million during the quarter. Equities analysts forecast that DragonWave will post ($3.49) EPS for the current year.
DragonWave Inc (DragonWave) is a provider of packet microwave solutions for Internet protocol (IP) networks. The Company operates through broadband wireless backhaul equipment segment. The principal application of DragonWave’s products is mobile network backhaul. Additional applications include leased line replacement, last mile fiber extension and enterprise networks.
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