DragonWave Inc. (DRWI) Stock Price Up 7.1%
Shares of DragonWave Inc. (NASDAQ:DRWI) rose 7.1% on Friday . The company traded as high as $5.18 and last traded at $4.69, with a volume of 431,487 shares. The stock had previously closed at $4.38.
DRWI has been the topic of a number of research reports. Zacks Investment Research cut DragonWave from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. Desjardins cut DragonWave from a “hold” rating to a “sell” rating in a research report on Saturday, May 21st.
The company’s 50 day moving average is $4.38 and its 200-day moving average is $3.99. The firm’s market cap is $16.68 million.
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 firm earned $12.50 million during the quarter. On average, equities analysts anticipate 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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