Desjardins reissued their sell rating on shares of DragonWave Inc. (NASDAQ:DRWI) in a research note released on Saturday morning. The firm currently has a $3.00 target price on the stock.

DRWI has been the subject of several other reports. Zacks Investment Research upgraded DragonWave from a sell rating to a hold rating in a report on Wednesday, September 14th. Rodman & Renshaw started coverage on DragonWave in a report on Tuesday, September 6th. They issued a buy rating and a $4.00 price objective for the company.

Shares of DragonWave (NASDAQ:DRWI) traded down 3.19% during midday trading on Friday, hitting $2.43. The stock had a trading volume of 56,180 shares. DragonWave has a 12 month low of $1.50 and a 12 month high of $10.66. The firm’s market cap is $8.81 million. The stock’s 50 day moving average price is $2.76 and its 200 day moving average price is $4.25.

DragonWave (NASDAQ:DRWI) last issued its quarterly earnings results on Wednesday, October 12th. The company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of ($0.95) by $0.01. DragonWave had a negative net margin of 39.81% and a negative return on equity of 390.31%. The company had revenue of $13.20 million for the quarter. On average, equities analysts forecast that DragonWave will post ($3.49) EPS for the current fiscal year.

DragonWave Company Profile

DragonWave Inc (DragonWave) is a provider of packet microwave solutions for Internet protocol (IP) networks. The Company operates through broadband wireless backhaul equipment segment. The principal application of DragonWave’s products is mobile network backhaul. Additional applications include leased line replacement, last mile fiber extension and enterprise networks.

5 Day Chart for NASDAQ:DRWI

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