DragonWave, Inc. to Post FY2018 Earnings of ($3.35) Per Share, Desjardins Forecasts (DWI)
DragonWave, Inc. (TSE:DWI) (NASDAQ:DRWI) – Analysts at Desjardins raised their FY2018 EPS estimates for DragonWave in a research report issued to clients and investors on Thursday. Desjardins analyst M. Yaghi now anticipates that the company will post earnings of ($3.35) per share for the year, up from their previous forecast of ($3.67). Desjardins currently has a “Sell” rating on the stock.
Separately, CIBC downgraded DragonWave from an “outperform (spec)” rating to an “underperform (speculative)” rating in a research note on Tuesday, May 30th.
Shares of DragonWave (DWI) opened at 1.78 on Monday. DragonWave has a 12 month low of $1.76 and a 12 month high of $13.96. The stock’s 50 day moving average is $2.43 and its 200 day moving average is $3.52.
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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