DragonWave Inc. (NASDAQ:DRWI) announced its quarterly earnings results on Wednesday. The company reported ($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.95) by $0.01. DragonWave had a negative return on equity of 258.11% and a negative net margin of 55.79%. The business earned $13.20 million during the quarter.
DragonWave (NASDAQ:DRWI) opened at 2.51 on Friday. The firm’s 50-day moving average price is $2.77 and its 200-day moving average price is $4.24. DragonWave has a 1-year low of $1.40 and a 1-year high of $10.66. The company’s market cap is $9.10 million.
DRWI has been the subject of several recent research reports. Zacks Investment Research cut DragonWave from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. Rodman & Renshaw initiated coverage on DragonWave in a research report on Tuesday, September 6th. They set a “buy” rating and a $4.00 price objective for the company.
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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