DragonWave Inc. (DRWI) Trading Up 27.5%
DragonWave Inc. (NASDAQ:DRWI)’s share price was up 27.5% on Thursday . The stock traded as high as $5.05 and last traded at $5.05, with a volume of 424,962 shares changing hands. The stock had previously closed at $3.96.
Separately, Desjardins downgraded DragonWave from a “hold” rating to a “sell” rating in a research report on Saturday, May 21st.
The stock’s market capitalization is $17.99 million. The firm’s 50-day moving average is $4.47 and its 200-day moving average is $3.85.
DragonWave (NASDAQ:DRWI) last issued its quarterly earnings data on Wednesday, July 13th. The company reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.85) by $0.38. The business earned $12.50 million during the quarter. On average, analysts anticipate that DragonWave Inc. will post ($3.55) earnings per share for the current year.
DragonWave Inc provides wireless Ethernet equipment used in Internet protocol (IP) networks. The Company designs, develops, markets and sells carrier-grade microwave radio frequency networking equipment that wirelessly transmit broadband voice, video and other data between two points. Its principal commercialized product lines include Harmony, Horizon, Avenue and NetViewer.
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