Desjardins reissued their sell rating on shares of DragonWave Inc. (NASDAQ:DRWI) in a research report released on Saturday morning. They currently have a $3.00 target price on the stock.

A number of other analysts have also issued reports on the company. Zacks Investment Research raised DragonWave from a sell rating to a hold rating in a research report on Wednesday, September 14th. Rodman & Renshaw assumed coverage on DragonWave in a research report on Tuesday, September 6th. They issued a buy rating and a $4.00 target price on the stock.

DragonWave (NASDAQ:DRWI) last announced its earnings results on Wednesday, October 12th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.95) by $0.01. The firm earned $13.20 million during the quarter. DragonWave had a negative net margin of 39.81% and a negative return on equity of 390.31%.

About DragonWave

DragonWave Inc (DragonWave) is a provider of packet microwave solutions for Internet protocol (IP) networks. The Company operates through broadband wireless backhaul equipment segment. The principal application of DragonWave’s products is mobile network backhaul. Additional applications include leased line replacement, last mile fiber extension and enterprise networks.

5 Day Chart for NASDAQ:DRWI

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