DragonWave Inc. (DRWI) Trading Down 6%
DragonWave Inc. (NASDAQ:DRWI)’s share price fell 6% during trading on Thursday . The company traded as low as $4.39 and last traded at $4.42, with a volume of 68,574 shares. The stock had previously closed at $4.70.
A number of brokerages recently commented on DRWI. Zacks Investment Research downgraded shares of DragonWave from a “hold” rating to a “sell” rating in a research note on Wednesday. Desjardins downgraded shares of DragonWave from a “hold” rating to a “sell” rating in a research note on Saturday, May 21st.
The firm’s market capitalization is $16.03 million. The company has a 50-day moving average price of $4.47 and a 200 day moving average price of $3.92.
DragonWave (NASDAQ:DRWI) last announced its earnings results on Wednesday, July 13th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.85) by $0.38. The business had revenue of $12.50 million for the quarter. On average, analysts forecast that DragonWave Inc. will post ($4.01) EPS for the current fiscal 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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