DragonWave, Inc.(USA) (DRWI) Given Daily News Impact Score of -0.02
News articles about DragonWave, Inc.(USA) (NASDAQ:DRWI) (TSE:DWI) have trended somewhat negative this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DragonWave, Inc.(USA) earned a news sentiment score of -0.02 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 45.8637465554743 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
DragonWave, Inc.(USA) (NASDAQ:DRWI) (TSE:DWI) last announced its quarterly earnings results on Wednesday, July 12th. The communications equipment provider reported ($0.52) earnings per share for the quarter. The company had revenue of $8.99 million for the quarter.
DRWI has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of DragonWave, Inc.(USA) from a “hold” rating to a “buy” rating and set a $1.00 price target for the company in a report on Monday, July 24th. Desjardins cut shares of DragonWave, Inc.(USA) from a “hold” rating to a “sell” rating and reduced their price target for the company from $3.30 to $0.30 in a report on Thursday, July 20th. Finally, CIBC cut shares of DragonWave, Inc.(USA) from a “sector perform” rating to a “sector underperform” rating and set a $1.15 price target for the company. in a report on Tuesday, May 30th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $2.03.
DragonWave, Inc.(USA) 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.
Receive News & Stock Ratings for DragonWave Inc.(USA) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DragonWave Inc.(USA) and related stocks with our FREE daily email newsletter.