DragonWave (DRWI) to Release Earnings on Wednesday
DragonWave (NASDAQ:DRWI) will release its Q114 earnings data on Wednesday, October 9th. Analysts expect DragonWave to post earnings of ($0.24) per share and revenue of $28.42 million for the quarter.
DragonWave (NASDAQ:DRWI) last announced its earnings results on Wednesday, July 10th. The company reported ($0.17) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.35) by $0.18. The company had revenue of $24.53 million for the quarter, compared to the consensus estimate of $29.33 million. During the same quarter last year, the company posted ($0.35) earnings per share. DragonWave’s revenue was up 89.1% compared to the same quarter last year. On average, analysts expect DragonWave to post $-0.87 EPS for the current fiscal year and $-0.24 EPS for the next fiscal year.
DragonWave (NASDAQ:DRWI) traded down 3.06% during mid-day trading on Tuesday, hitting $1.90. 286,780 shares of the company’s stock traded hands. DragonWave has a 1-year low of $1.37 and a 1-year high of $3.74. The stock’s 50-day moving average is $2.45 and its 200-day moving average is $2.50. The company’s market cap is $72.4 million.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of DragonWave from $2.60 to $2.10 in a research note to investors on Wednesday, October 2nd. They now have a “hold” rating on the stock. On the ratings front, analysts at Jefferies Group reiterated a “hold” rating on shares of DragonWave in a research note to investors on Thursday, September 19th. They now have a $2.75 price target on the stock. Finally, analysts at Scotiabank cut their price target on shares of DragonWave from $1.40 to $1.35 in a research note to investors on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $2.03.
DragonWave Inc (NASDAQ:DRWI) is a provider of high-capacity Ethernet microwave solutions for Internet protocol (IP) networks.
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