DragonWave +32.6% on FQ1 guidance hike

|About: DragonWave Inc. (DRWI)|By:, SA News Editor

DragonWave (DRWI) now expects 60% Q/Q FQ1 (May quarter) revenue growth, up from a prior 50%. The consensus is for revenue to grow 47% Q/Q (and 7% Y/Y) to $26.3M.

The guidance hike comes a week after DragonWave announced a major deal with an Indian carrier.