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DragonWave (DRWI -19.9%) plummets after missing FQ3 forecasts and guiding for FQ4 revenue...

DragonWave (DRWI -19.9%) plummets after missing FQ3 forecasts and guiding for FQ4 revenue $40M-$45M, below a $49.1M consensus. FQ3 gross margin was 19%, up from 15% in FQ2 but down from 41% in the year-ago period, as the company continues to struggle to digest Nokia Siemens' wireless backhaul unit. CC at 11:30AM ET (webcast). (PR) (slides - PDF)

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