DragonWave Inc. (DRWI) Trading 3% Higher
Shares of DragonWave Inc. (NASDAQ:DRWI) 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 changing hands. The stock had previously closed at $3.03.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded DragonWave from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Desjardins downgraded DragonWave from a “hold” rating to a “sell” rating in a research note on Saturday, May 21st.
The stock’s 50 day moving average is $3.76 and its 200-day moving average is $4.12. The stock’s market capitalization is $11.17 million.
DragonWave (NASDAQ:DRWI) last posted its quarterly earnings results 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 company earned $12.50 million during the quarter. Analysts predict that DragonWave Inc. will post ($4.51) earnings per share 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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