DragonWave, Inc.(USA) Stock Rating Upgraded by HC Wainwright (DRWI)
A number of other analysts have also recently weighed in on DRWI. Analysts at Desjardins cut their price target on shares of DragonWave, Inc.(USA) from C$1.90 to C$1.70 in a research note on Friday, May 16th. They now have a “hold” rating on the stock. Separately, analysts at Jefferies Group cut their price target on shares of DragonWave, Inc.(USA) from C$2.00 to C$1.50 in a research note on Friday, May 16th. They now have a “hold” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of DragonWave, Inc.(USA) from C$1.50 to C$1.25 in a research note on Friday, May 16th. They now have a “hold” rating on the stock. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $1.64.
Shares of DragonWave, Inc (NASDAQ:DRWI) opened at 1.98 on Wednesday. DragonWave, Inc has a 52-week low of $1.08 and a 52-week high of $3.58. The stock has a 50-day moving average of $1.39 and a 200-day moving average of $1.42. The company’s market cap is $115.3 million.
DragonWave, Inc.(USA) (NASDAQ:DRWI) last released its earnings data on Wednesday, May 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.06. The company had revenue of $17.90 million for the quarter, compared to the consensus estimate of $28.17 million. During the same quarter in the previous year, the company posted ($0.71) earnings per share. The company’s revenue for the quarter was down 36.7% on a year-over-year basis. Analysts expect that DragonWave, Inc will post $-0.36 EPS for the current fiscal year.
DragonWave Inc (NASDAQ:DRWI) is in the business of developing broadband wireless backhaul and pseudowire equipment.
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