DragonWave (DRWI) in Focus: Stock Moves 8.1% Higher - Tale of the Tape


Shutterstock photo

DragonWave Inc. ( DRWI ) was a big mover last session, as the company saw its shares rise by over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.28 to $1.46 in the past one-month time frame.

This wireless equipment company has seen no estimate revision over the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Some better-ranked stocks in same industry include InterDigital, Inc. ( IDCC ), Ubiquiti Networks, Inc. ( UBNT ) and Mitel Networks Corporation ( MITL ). While InterDigital and Ubiquiti Networks hold a Zacks Rank #1 (Strong Buy), Mitel Networks carries a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

DRAGONWAVE INC (DRWI): Free Stock Analysis Report

INTERDIGITL INC (IDCC): Free Stock Analysis Report

MITEL NETWORKS (MITL): Free Stock Analysis Report

UBIQUITI NETWRK (UBNT): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
More Headlines for: DRWI , IDCC , MITL , UBNT

More from Zacks.com




Equity Research
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com