Company Update (NASDAQ:DRWI):DragonWave Reports Strong Third Quarter Fiscal Year 2015 Results

(Marketwired – Jan. 13, 2015) – DragonWave Inc. (TSX:DWI)(NASDAQ:DRWI), a leading global supplier of packet microwave radio systems for mobile and access networks, today announced financial results for the third quarter of fiscal year 2015, ended November 30, 2014. All figures are in U.S. dollars and were prepared in accordance with U.S. generally accepted accounting principles… Read more »

Shares of Dragonwave opened today at $1.02. DRWI has a 1-year high of $2.55 and a 1-year low of $0.88. The stock’s 50-day moving average is $1.03 and it’s 200-day moving average is $1.31.

On the ratings front, Dragonwave has been the subject of a number of recent research reports. In a report published on October 9, analyst Scott Penner from TD Securities maintained a Hold rating on DRWI, with a price target of $1.50, which represents a potential upside of 47.1% from where the stock is currently trading.

DragonWave Inc is a provider of high-capacity packet microwave solutions that drive next-generation IP networks. Its products are wireless network backhaul.

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