DragonWave Inc. (DRWI) Jumps: Stock Rises 5.8% - Tale of the Tape

By
A A A

DragonWave Inc. ( DRWI ) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock is now up 62.33% sinc June 24.

This wireless equipment industry stock witnessed one positive estimate revision in the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for DragonWave. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.

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

However, some better-ranked stocks in the same industry include Comtech Telecommunications Corp. ( CMTL ), InterDigital, Inc. ( IDCC ) and ARC Group Worldwide, Inc. ( ARCW ). While, Comtech Telecommunications and InterDigital sport a Zacks Rank #1 (Strong Buy), ARC Group 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 >>


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

COMTECH TELECOM (CMTL): Free Stock Analysis Report

INTERDIGITL INC (IDCC): Free Stock Analysis Report

ARC GROUP WORLD (ARCW): Get Free 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 The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: DRWI , CMTL , IDCC , ARCW

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

270,887,127
    $93.89 unch
225,243,115
  • $40.93 ▼ 2.74%
135,900,109
  • $47.52 ▲ 1.80%
89,467,924
  • $5.35 ▼ 1.11%
85,105,358
  • $16.95 ▼ 0.53%
80,748,539
  • $39.80 ▼ 4.21%
68,491,586
  • $3.57 ▼ 1.79%
62,097,356
  • $100.96 ▼ 0.82%
As of 9/19/2014, 04:15 PM

Find a Credit Card

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