Shares of DragonWave Inc. (NASDAQ:DRWI) dropped 4.2% during trading on Thursday . The company traded as low as $2.95 and last traded at $2.95, with a volume of 68,142 shares traded. The stock had previously closed at $3.08.

DRWI has been the subject of a number of research reports. Desjardins cut DragonWave from a “hold” rating to a “sell” rating in a research report on Saturday, May 21st. Zacks Investment Research cut DragonWave from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th.

The company’s market capitalization is $10.70 million. The stock’s 50-day moving average is $3.74 and its 200 day moving average is $4.11.

DragonWave (NASDAQ:DRWI) last announced its quarterly earnings data on Wednesday, July 13th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.85) by $0.38. The firm earned $12.50 million during the quarter. Equities analysts expect 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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