DragonWave Inc. (DRWI) Shares Down 4.2%
DragonWave Inc. (NASDAQ:DRWI) traded down 4.2% on Thursday . The company traded as low as $2.95 and last traded at $2.95, with a volume of 68,142 shares changing hands. The stock had previously closed at $3.08.
A number of research analysts have recently commented on the company. Desjardins cut DragonWave from a “hold” rating to a “sell” rating in a research note on Saturday, May 21st. Zacks Investment Research cut DragonWave from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th.
The stock’s market capitalization is $10.55 million. The company’s 50-day moving average price is $3.71 and its 200 day moving average price is $4.12.
DragonWave (NASDAQ:DRWI) last posted its quarterly 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 company had revenue of $12.50 million for the quarter. On average, equities analysts predict that DragonWave Inc. will post ($4.51) 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.
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