DragonWave (DRWI) in Focus: Stock Falls 5.7% in Session
DragonWave Inc. (DRWI) saw a big move in the last trading session, as the company’s shares fell nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent uptrend for DRWI, as the stock is up nearly 56% in the past one-month time frame.
The company, a global provider of high-capacity packet microwave solutions that drive IP networks, has not seen any estimate revision over the past month, though the current year earnings consensus has moved higher over the last few weeks. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.
DRWI currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Investors interested in the Wireless Equipment industry may consider better-ranked stocks like Comtech Telecommunications Corp. (CMTL), Ubiquiti Networks, Inc. (UBNT) and QUALCOMM Incorporated (QCOM). While Comtech and Ubiquiti carry a Zacks Rank #1 (Strong Buy), QUALCOMM holds a Zacks Rank #2 (Buy).
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DRAGONWAVE INC COMMON (DRWI): Free Stock Analysis Report
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