DragonWave (USA) (DRWI) was Resumed by Rodman & Renshaw to “Buy” and the brokerage firm has set the Price Target at $4. Rodman & Renshaw advised their investors in a research report released on Sep 6, 2016.
DragonWave (USA) closed down -0.03 points or -1.02% at $2.92 with 63,612 shares getting traded on Thursday. Post opening the session at $2.94, the shares hit an intraday low of $2.9 and an intraday high of $3 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
DragonWave Inc. provides wireless Ethernet equipment used in Internet protocol (IP) networks. The Company designs develops markets and sells carrier-grade microwave radio frequency networking equipment that wirelessly transmit broadband voice video and other data between two points. Its principal commercialized product lines include Harmony Horizon Avenue and NetViewer. The Harmony product line is a wireless platform enabling Time Division Multiplexing (TDM) and packet-based services across wireless or wireline infrastructure. The Horizon Horizon product family is an Ethernet microwave portfolio and consists of Horizon Compact Horizon Compact+ and Horizon Quantum. Avenue portfolio comprises of three microcellular solutions ranging from an access microcell backhaul link (Avenue Link Lite) to an aggregation link (Avenue Link) to an integrated microcellular platform (Avenue Site). NetViewer is a network management platform which is sold directly and through the Nokia channel.