DragonWave, Inc. (TSE:DWI) (NASDAQ:DRWI) was downgraded by Desjardins from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Separately, CIBC downgraded DragonWave from an “outperform (spec)” rating to an “underperform (speculative)” rating in a research report on Tuesday, May 30th.

DragonWave (TSE:DWI) remained flat at $1.78 during mid-day trading on Thursday. 24,930 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $2.43 and its 200 day moving average is $3.52. DragonWave has a 1-year low of $1.76 and a 1-year high of $13.96.

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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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