DragonWave, Inc.(USA) Receives New Coverage from Analysts at HC Wainwright (DRWI)
Stock analysts at HC Wainwright assumed coverage on shares of DragonWave, Inc.(USA) (NASDAQ:DRWI) in a report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on DRWI. Analysts at Canaccord Genuity raised their price target on shares of DragonWave, Inc.(USA) from $1.25 to $2.00 in a research note on Friday, July 11th. They now have a “hold” rating on the stock. Separately, analysts at TD Securities upgraded shares of DragonWave, Inc.(USA) from a “reduce” rating to a “hold” rating in a research note on Friday, July 11th. They now have a $2.75 price target on the stock, up previously from $1.00. Finally, 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, July 7th. They now have an “underperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $1.89.
DragonWave, Inc (NASDAQ:DRWI) opened at 1.39 on Friday. DragonWave, Inc has a 1-year low of $1.08 and a 1-year high of $2.91. The stock’s 50-day moving average is $1.53 and its 200-day moving average is $1.48. The company’s market cap is $81.4 million.
DragonWave, Inc.(USA) (NASDAQ:DRWI) last posted its earnings results on Wednesday, July 9th. The company reported ($0.11) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.13) by $0.02. The company had revenue of $28.80 million for the quarter, compared to the consensus estimate of $27.20 million. During the same quarter last year, the company posted ($0.31) earnings per share. DragonWave, Inc.(USA)’s revenue was up 17.4% compared to the same quarter last year. On average, analysts predict that DragonWave, Inc will post $-0.30 earnings per share 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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