DragonWave, Inc.(USA) (DRWI) Lifted to Hold at Zacks Investment Research
DragonWave, Inc.(USA) (NASDAQ:DRWI) (TSE:DWI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.
According to Zacks, “DragonWave is a leading provider of high-capacity packet microwave solutions that drive next-generation IP networks. DragonWave’s carrier-grade point-to-point packet microwave systems transmit broadband voice, video and data, enabling service providers, government agencies, enterprises and other organizations to meet their increasing bandwidth requirements rapidly and affordably. The principal application of DragonWave’s products is wireless network backhaul. Additional solutions include leased line replacement, last mile fiber extension and enterprise networks. DragonWave’s award winning Horizon® solutions are known in the industry for their leading capacity, reliability, and spectral efficiency. The company has a network of distributor and reseller partners globally. Customers include Carriers, Service Providers, Utilities, WISP’s and Enterprises. DragonWave’s corporate headquarters is located in Ottawa, Ontario, with sales locations in Europe, the Middle East and North America. “
Separately, S&P Equity Research boosted their price target on DragonWave, Inc.(USA) from $1.50 to $1.70 in a research note on Wednesday, March 15th.
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DragonWave, Inc (NASDAQ:DRWI) remained flat at $1.35 during trading on Monday. 282,197 shares of the company’s stock traded hands. DragonWave, Inc has a 1-year low of $1.00 and a 1-year high of $10.66. The firm’s 50-day moving average is $1.48 and its 200-day moving average is $2.49. The firm’s market cap is $8.24 million.
DragonWave, Inc.(USA) (NASDAQ:DRWI) last announced its quarterly earnings results on Wednesday, January 11th. The company reported ($0.72) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by $0.44. The company earned $10.20 million during the quarter. DragonWave, Inc.(USA) had a negative net margin of 44.35% and a negative return on equity of 911.00%. On average, equities research analysts predict that DragonWave, Inc will post ($3.31) earnings per share for the current year.
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DragonWave, Inc.(USA) Company Profile
DragonWave Inc (DragonWave) is a provider of packet microwave solutions for Internet protocol (IP) networks. The Company operates through broadband wireless backhaul equipment segment. The principal application of DragonWave’s products is mobile network backhaul. Additional applications include leased line replacement, last mile fiber extension and enterprise networks.
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