DragonWave Price Target Increased to $2.75 by Analysts at Raymond James (DWI)
Investment analysts at Raymond James upped their target price on shares of DragonWave (TSE: DWI) from $1.75 to $2.75 in a note issued to investors on Tuesday. The firm currently has a “market perform” rating on the stock.
Shares of DragonWave traded down 20.00% during mid-day trading on Tuesday, hitting $1.40. DragonWave has a one year low of $1.70 and a one year high of $4.50. The stock’s 50-day moving average is currently $2.21. The company’s market cap is $53.3 million.
DragonWave last announced its earnings results on Wednesday, January 9th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by $0.09. During the same quarter in the previous year, the company posted ($0.23) earnings per share. Analysts expect that DragonWave will post $-1.05 EPS for the current fiscal year.
Separately, analysts at Scotiabank raised their price target on shares of DragonWave from $1.50 to $1.70 in a research note to investors on Friday, January 11th. They now have an “underperform” rating on the stock.
DragonWave Inc. (DragonWave) is in the business of developing broadband wireless backhaul and pseudowire equipment.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.