DragonWave Inc. (NASDAQ:DRWI) issued its earnings results on Wednesday. The company reported ($0.96) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.95) by $0.01. The firm earned $13.20 million during the quarter, compared to analysts’ expectations of $14.25 million. DragonWave had a negative return on equity of 258.11% and a negative net margin of 55.79%.
DragonWave (NASDAQ:DRWI) traded up 2.26% during trading on Wednesday, hitting $2.72. The company’s stock had a trading volume of 91,333 shares. The company has a 50-day moving average of $2.80 and a 200 day moving average of $4.27. The firm’s market cap is $9.86 million. DragonWave has a one year low of $1.40 and a one year high of $10.66.
A number of brokerages recently issued reports on DRWI. Zacks Investment Research lowered DragonWave from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Rodman & Renshaw began coverage on DragonWave in a research note on Tuesday, September 6th. They issued a “buy” rating and a $4.00 target price for the company.
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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