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DragonWave Inc. (DRWI) Jumps: Stock Rises 5.8%

Zacks Equity Research

DragonWave Inc. (DRWI) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock is now up 62.33% sinc June 24.

This wireless equipment industry stock witnessed one positive estimate revision in the past 30 days. The Zacks Consensus Estimate also moved upover the same time frame, suggesting that more solid trading could be ahead for DragonWave. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.

DragonWavecurrently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the same industry include Comtech Telecommunications Corp. (CMTL), InterDigital, Inc. (IDCC) and ARC Group Worldwide, Inc. (ARCW). While, Comtech Telecommunications and InterDigital sport a Zacks Rank #1 (Strong Buy), ARC Group carries a Zacks Rank #2 (Buy).

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DRAGONWAVE INC COMMON (DRWI): Free Stock Analysis Report

COMTECH TELECOMMUN CP (CMTL): Free Stock Analysis Report

INTERDIGITAL INC (IDCC): Free Stock Analysis Report

ARC GROUP WORLDWIDE INC (ARCW): Free Stock Analysis Report

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