DragonWave Inc (NASDAQ:DRWI) to Post Q2 2018 Earnings of ($0.68) Per Share, Desjardins Forecasts
DragonWave Inc (NASDAQ:DRWI) (TSE:DWI) – Desjardins issued their Q2 2018 EPS estimates for shares of DragonWave in a note issued to investors on Thursday. Desjardins analyst M. Yaghi forecasts that the communications equipment provider will post earnings per share of ($0.68) for the quarter. Desjardins has a “Sell” rating and a $0.30 price target on the stock. Desjardins also issued estimates for DragonWave’s Q3 2018 earnings at ($0.74) EPS and Q4 2018 earnings at ($0.72) EPS.
DRWI has been the topic of several other research reports. Zacks Investment Research upgraded DragonWave from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a research report on Wednesday, April 5th. Rodman & Renshaw restated a “buy” rating and issued a $4.00 price target on shares of DragonWave in a research report on Monday, April 3rd. CIBC cut DragonWave from a “sector perform” rating to a “sector underperform” rating and set a $1.15 target price on the stock. in a research report on Tuesday, May 30th. Finally, HC Wainwright reiterated a “buy” rating and set a $4.00 target price on shares of DragonWave in a research report on Monday, April 3rd. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. DragonWave presently has an average rating of “Hold” and an average target price of $2.03.
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Shares of DragonWave (NASDAQ DRWI) remained flat at $0.89 during midday trading on Friday. The company’s stock had a trading volume of 149,351 shares. The company’s market capitalization is $7.57 million. DragonWave has a 52-week low of $0.64 and a 52-week high of $5.18. The stock’s 50-day moving average price is $0.87 and its 200-day moving average price is $1.33.
DragonWave (NASDAQ:DRWI) (TSE:DWI) last issued its earnings results on Wednesday, July 12th. The communications equipment provider reported ($0.52) earnings per share for the quarter. DragonWave had a negative return on equity of 2,435.89% and a negative net margin of 40.27%. The firm had revenue of $8.99 million during the quarter.
An institutional investor recently bought a new position in DragonWave stock. Sabby Management LLC bought a new stake in DragonWave Inc (NASDAQ:DRWI) (TSE:DWI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 466,696 shares of the communications equipment provider’s stock, valued at approximately $677,000. Sabby Management LLC owned 7.65% of DragonWave at the end of the most recent quarter. 14.69% of the stock is owned by institutional investors.
DragonWave 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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