Somewhat Favorable Media Coverage Somewhat Unlikely to Impact DragonWave, Inc.(USA) (DRWI) Stock Price
Press coverage about DragonWave, Inc.(USA) (NASDAQ:DRWI) (TSE:DWI) has trended somewhat positive recently, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. DragonWave, Inc.(USA) earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned news stories about the communications equipment provider an impact score of 46.1475616288926 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of DragonWave, Inc.(USA) from a “hold” rating to a “buy” rating and set a $1.00 price objective on the stock in a report on Tuesday, May 9th. CIBC lowered shares of DragonWave, Inc.(USA) from a “sector perform” rating to a “sector underperform” rating and set a $1.15 price objective on the stock. in a report on Tuesday, May 30th. Finally, Desjardins lowered shares of DragonWave, Inc.(USA) from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $3.30 to $0.30 in a report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $2.03.
DragonWave, Inc.(USA) (NASDAQ:DRWI) (TSE:DWI) last released its earnings results on Wednesday, July 12th. The communications equipment provider reported ($0.52) earnings per share (EPS) for the quarter. The company had revenue of $8.99 million for the quarter.
DragonWave, Inc.(USA) Company Profile
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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