DragonWave (DWI) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS
DragonWave (TSE:DWI) announced its earnings results on Thursday. The company reported ($0.12) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.14) by $0.02, Stock Ratings Network reports.
DragonWave (TSE:DWI) opened at 2.36 on Thursday. DragonWave has a 52-week low of $1.13 and a 52-week high of $3.68. The stock has a 50-day moving average of $1.68 and a 200-day moving average of $1.60. The company’s market cap is $137.4 million.
A number of research firms have recently commented on DWI. Analysts at CIBC raised their price target on shares of DragonWave from C$1.00 to C$3.00 in a research note on Friday, June 27th. Finally, analysts at Desjardins cut their price target on shares of DragonWave 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. Two investment analysts have rated the stock with a sell rating and one has given a hold rating to the company. DragonWave has a consensus rating of “Sell” and a consensus price target of C$1.67.
DragonWave Inc (TSE:DWI) is in the business of developing broadband wireless backhaul and pseudowire equipment.
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