Jul. 11 (Bloomberg) -- DragonWave Inc (DRWI US) was raised to "Hold" from
"Reduce" at TD Securities by equity analyst Scott Penner. The 12-month target
price is $2.75 per share.
Hey ball breath, it was you and Bozo that wouldn't post .... the clown was back the very next day... thanks for pointing out that DRWI is flat for the week.... It has doubled in less than 2 months
Not worried about dilution.... c u at 5
his made up trading days are over ... just dress up night and make believe left for he and COHS Pauli... if he comes back we can reunite the 3 stooges....
Having head removed from A R S is not minor... should have kept it their given your hair lip! Do you just type #$%$ or talk that way too? CLOWN
Relationship with banks is strong and business model allows for more borrowing.
Don't expect an equity offering that in any way resembles the last one... although the cashless warrant treated me well it did not treat DRWI or shareholders that did not participate well. My bet would be if their is any raise it will be done privately and not in significant size. With the improvement in business a convert on favorable terms might work... buyers will trip over each other to get in.
Trajectory of business and GM will cure the balance sheet. Cruise control time for the longs... sit back and enjoy.
Good luck to the shorts!
Indeed, on Wednesday Allen said he expected DragonWave’s revenues would jump an additional 25 to 40 per cent over those achieved in the first quarter — a range of $36 million to $40.3 million in other words. If the company actually achieves this forecast, it would be the best showing in at least seven quarters.
DRWI will clean up here as SAW puts CLWR spectrum to use! Google it... great article on fierce wireless
ask BOZO... he has called for dilution below a buck and 5 for 1 reverse split for months now. He is hard to understand though because he also said 1.20 was a good price, so I bought 500k shares down there and they doubled quickly! It was kind of strange for him to advise 1.20 was a good price because all in all he seems quite negative! Either way, I feel like I should buy him a cup of coffee!
What is 2.60 -1.20 / 1.20 ? that is 120% which is what DRW is up since BOZO told everyone 1.20 was a good price! Just a few short weeks ago! Glad i bought it ... I would try to explain how the cashless warrant has worked out but suffice it to say that the 63500 shares cost me nothing.... feeling fine, thanks for asking!!!!!
Reply to India orders are forward looking.... not part of 60% sequential growth by garth1443 •Jul 3, 2014 7:21 AM
garth1443 • Jul 3, 2014 9:23 AM Remove 3users liked this postsusers disliked this posts0Reply
you will have to ask BOZO... he nailed it when he said 1.20 was a good price! LT a lot higher, next 5 days who cares. A perfect storm is in place for DRWI and Bozo and his clown clones are going to be casualties!
DragonWave Inc. Reports First Quarter Fiscal Year 2015 Results
Company posts 61% revenue growth over previous quarter
OTTAWA, CANADA--(Marketwired - July 9, 2014) - DragonWave Inc. ) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced financial results for the first quarter of fiscal year 2015, ended May 31, 2014. All figures are in U.S. dollars and were prepared in accordance with U.S. generally accepted accounting principles.
Revenue for the first quarter of fiscal year 2015 was $28.8 million, compared with $17.9 million in the fourth quarter of fiscal year 2014 and $24.5 million in the first quarter of the fiscal year 2014. Revenue from the Nokia channel (formerly called Nokia Solutions and Networks) represented 61% of revenue in the first quarter of this fiscal year, versus 68% in the fourth quarter of fiscal year 2014 and 57% in first quarter of fiscal year 2014.
Gross margin for the first quarter of fiscal year 2015 was 20.5%, compared with 14.5% in the fourth quarter of fiscal year 2014 and 11.5% in the first quarter of fiscal year 2014.
Net loss applicable to shareholders in the first quarter of fiscal year 2015 was $6.6 million or ($0.11) per basic and diluted share. This compares to a net loss applicable to shareholders of $11.6 million or ($0.20) per basic and diluted share in the fourth quarter of fiscal year 2014 and a net loss applicable to shareholders of $6.6 million or ($0.17) per basic and diluted share in the first quarter of fiscal year 2014.
"We are pleased that the increased demand that we observed in Q1 2015 is continuing into our second quarter. Momentum is such that we anticipate revenue growth between 25% and 40% relative to Q1," said DragonWave President and CEO Peter Allen.
Cash and cash equivalents totaled $15.6 million at the end of the first quarter of fiscal year 2015, compared to $19.0 million at the end of the fourth quarter of fiscal year 2014.
on prior q conference call they were close enough into the next q to comfortably guide up revs sequentially 50%... once the q ended in June they had closed enough business to put out PR of 60% sequential growth.... my bet is that it will come in even BETTER than that.
They also mentioned that they entered the present q even stronger than the previous but did not give guidance as to what that will mean. They gave up guiding forward nearly 2 years ago because of the constant delays in orders from operators. The pipeline has never been stronger in all geographies.... both direct business and through the NSN channel.
get ready for a very upbeat call and I expect more analysts to finally get off the fence and join the few that have recently seen the light!
Probably to give buyers a chance to get in with weak tape... wwwDOTcnbcDOTcom/id/101820395
DRWI going to be very busy!