DragonWave Inc. (DRWI) Trading Down 1.8%
DragonWave Inc. (NASDAQ:DRWI) traded down 1.8% on Friday . The company traded as low as $4.50 and last traded at $4.88, with a volume of 253,735 shares traded. The stock had previously closed at $4.97.
Separately, Desjardins cut DragonWave from a “hold” rating to a “sell” rating in a report on Saturday, May 21st.
The firm has a 50 day moving average price of $4.46 and a 200-day moving average price of $3.87. The stock’s market cap is $17.59 million.
DragonWave (NASDAQ:DRWI) last posted its quarterly earnings results on Wednesday, July 13th. The company reported ($1.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.85) by $0.38. The company earned $12.50 million during the quarter. On average, equities analysts expect that DragonWave Inc. will post ($4.01) 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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