DragonWave Inc. (DRWI) Trading Up 3%
DragonWave Inc. (NASDAQ:DRWI) shares traded up 3% during mid-day trading on Tuesday . The stock traded as high as $3.17 and last traded at $3.12, with a volume of 62,980 shares traded. The stock had previously closed at $3.03.
Several research firms have recently weighed in on DRWI. Zacks Investment Research lowered DragonWave from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. Desjardins lowered DragonWave from a “hold” rating to a “sell” rating in a research report on Saturday, May 21st.
The firm has a 50-day moving average of $3.81 and a 200-day moving average of $4.12. The firm’s market capitalization is $11.39 million.
DragonWave (NASDAQ:DRWI) last released its quarterly earnings results on Wednesday, July 13th. The company reported ($1.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.85) by $0.38. The firm had revenue of $12.50 million for the quarter. On average, equities research analysts predict that DragonWave Inc. will post ($4.51) 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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