DragonWave +32.6% on FQ1 guidance hike

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.

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