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DragonWave +11.7% after announcing $10M+ in orders

Nov. 25, 2014 9:24 AM ETDragonWave-X (DRWI) StockBy: Eric Jhonsa, SA News Editor3 Comments
  • A tier-1 North American mobile carrier has placed over $10M worth of orders for DragonWave's (OTC:DRWI) Horizon Compact+ and Horizon Quantum wireless backhaul systems to support the expansion of its 4G network.
  • DragonWave notes over half the orders are tied to engineering planning/installation services. "These contracts represent a significant increase in our services business," says CEO Peter Allen.
  • DragonWave rallied three weeks ago after announcing a Peruvian deal.

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