Shares of DragonWave Inc. (NASDAQ:DRWI) were down 1.8% on Friday . The company traded as low as $4.50 and last traded at $4.88, with a volume of 253,735 shares traded. The stock had previously closed at $4.97.

Separately, Desjardins lowered shares of DragonWave from a “hold” rating to a “sell” rating in a research note on Saturday, May 21st.

The company’s market cap is $17.56 million. The company’s 50-day moving average is $4.47 and its 200 day moving average is $3.85.

DragonWave (NASDAQ:DRWI) last posted its quarterly earnings data 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 earned $12.50 million during the quarter. Equities research analysts anticipate that DragonWave Inc. will post ($3.55) EPS 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's FREE daily email newsletter.