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

A number of research analysts have recently commented on the company. Desjardins cut DragonWave from a “hold” rating to a “sell” rating in a research note on Saturday, May 21st. Zacks Investment Research cut DragonWave from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th.

The stock’s market capitalization is $10.55 million. The company’s 50-day moving average price is $3.71 and its 200 day moving average price is $4.12.

DragonWave (NASDAQ:DRWI) last posted 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 company had revenue of $12.50 million for the quarter. On average, equities 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.