DragonWave Inc. (DRWI) Sees Large Volume Increase
DragonWave Inc. (NASDAQ:DRWI) saw an uptick in trading volume on Monday . 132,656 shares traded hands during trading, an increase of 110% from the previous session’s volume of 63,037 shares.The stock last traded at $5.23 and had previously closed at $4.85.
Separately, Desjardins downgraded DragonWave from a “hold” rating to a “sell” rating in a report on Saturday, May 21st.
The stock’s market capitalization is $19.76 million. The firm’s 50 day moving average is $4.48 and its 200-day moving average is $3.90.
DragonWave (NASDAQ:DRWI) last released its earnings results on Wednesday, July 13th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.85) by $0.38. The company had revenue of $12.50 million for the quarter. On average, analysts anticipate that DragonWave Inc. will post ($4.01) 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.