The stock of DragonWave, Inc.(USA) (NASDAQ:DRWI) is a huge mover today! About 123,689 shares traded hands. DragonWave, Inc.(USA) (NASDAQ:DRWI) has declined 42.11% since April 13, 2016 and is downtrending. It has underperformed by 46.04% the S&P500.
The move comes after 9 months negative chart setup for the $16.96M company. It was reported on Nov, 15 by Barchart.com. We have $2.89 PT which if reached, will make NASDAQ:DRWI worth $1.87M less.
According to Zacks Investment Research, “DragonWave is a leading provider of high-capacity packet microwave solutions that drive next-generation IP networks. DragonWave’s carrier-grade point-to-point packet microwave systems transmit broadband voice, video and data, enabling service providers, government agencies, enterprises and other organizations to meet their increasing bandwidth requirements rapidly and affordably. The principal application of DragonWave’s products is wireless network backhaul. Additional solutions include leased line replacement, last mile fiber extension and enterprise networks. DragonWave’s award winning HorizonÂ® solutions are known in the industry for their leading capacity, reliability, and spectral efficiency. The company has a network of distributor and reseller partners globally. Customers include Carriers, Service Providers, Utilities, WISP’s and Enterprises. DragonWave’s corporate headquarters is located in Ottawa, Ontario, with sales locations in Europe, the Middle East and North America.”
More news for DragonWave, Inc.(USA) (NASDAQ:DRWI) were recently published by: Schaeffersresearch.com, which released: “DragonWave, Inc. (DRWI) Has a Rare Day in the Sun” on March 30, 2016. Benzinga.com‘s article titled: “18 Biggest Mid-Day Gainers For Thursday” and published on October 20, 2016 is yet another important article.
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