DragonWave Inc. (DRWI) Stock Price Down 6%
DragonWave Inc. (NASDAQ:DRWI) shares were down 6% during mid-day trading on Thursday . The company traded as low as $4.39 and last traded at $4.42, with a volume of 68,574 shares changing hands. The stock had previously closed at $4.70.
A number of research analysts have issued reports on DRWI shares. Desjardins downgraded shares of DragonWave from a “hold” rating to a “sell” rating in a research report on Saturday, May 21st. Zacks Investment Research downgraded shares of DragonWave from a “hold” rating to a “sell” rating in a research report on Wednesday.
The company’s market cap is $15.81 million. The stock’s 50-day moving average price is $4.46 and its 200 day moving average price is $3.93.
DragonWave (NASDAQ:DRWI) last posted its 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 firm earned $12.50 million during the quarter. On average, analysts predict that DragonWave Inc. will post ($4.51) earnings per share for the current 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.
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