DragonWave, Inc.(USA) (DRWI) Announces Quarterly Results
DragonWave, Inc.(USA) (NASDAQ:DRWI) released its earnings data on Wednesday. The company reported ($0.11) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.13) by $0.02, American Banking News.com reports.
DragonWave, Inc (NASDAQ:DRWI) traded up 0.45% during mid-day trading on Wednesday, hitting $2.24. 841,222 shares of the company’s stock traded hands. 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 $1.5 and a 200-day moving average of $1.45. The company’s market cap is $130.4 million.
A number of analysts have recently weighed in on DRWI shares. Analysts at Scotiabank raised their price target on shares of DragonWave, Inc.(USA) from C$1.20 to C$1.80 in a research note on Monday. They now have an “underperform” rating on the stock. On the ratings front, analysts at HC Wainwright & Co. upgraded shares of DragonWave, Inc.(USA) from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 2nd. They now have a $3.00 price target on the stock. Finally, analysts at HC Wainwright upgraded shares of DragonWave, Inc.(USA) from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $1.72.
DragonWave Inc (NASDAQ:DRWI) is in the business of developing broadband wireless backhaul and pseudowire equipment.
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