Initially down sharply on account of an FQ3 warning, DragonWave (DRWI) has recouped its losses...

Initially down sharply on account of an FQ3 warning, DragonWave (DRWI) has recouped its losses over the last hour. The mobile backhaul equipment vendor says it now expects to report Nov. quarter revenue of $39M, well below a $47.2M consensus. It blames the miss on lower-than-expected European sales and "short-term supply challenges" that caused order push-outs. Shares have already fallen plenty since February. (previous)

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Comments (3)
  • tonyrjohnson
    , contributor
    Comments (2) | Send Message
    An opportunity to buy. From what I read they had some revenue that fell into the next qtr and honestly reported to the market.
    6 Dec 2012, 02:14 PM Reply Like
    , contributor
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    this stock has been a bust . i have 4,000 shares @ 10.00 thats been touted by next inning. research i' m disappointed ,but stuck.
    6 Dec 2012, 03:24 PM Reply Like
  • bkayoc
    , contributor
    Comments (70) | Send Message
    This is a high risk (and potential high reward) speculative small cap stock. While its hard for me to see $10 anytime soon this company has publicly committed to break even in the next twelve months.
    It depends on how they stand up to competition ( putting capex plans aside which will affect all).
    If its an effective alternative to more expensive fiber based backhaul they will do better in Asia and Africa. And they should be part of the solution in North America and Europe as data driven traffic grows annually.
    6 Dec 2012, 08:37 PM Reply Like
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