• Thu, Jan. 12, 3:00 PM
    Thu, Jan. 12, 3:00 PM | 3 Comments
  • Thu, Jan. 12, 12:40 PM
    Thu, Jan. 12, 12:40 PM | 1 Comment
  • Wed, Jan. 11, 6:01 PM
    • Packet microwave radio supplier DragonWave (NASDAQ:DRWI) has taken a tumble after hours, sliding 27.4% after fiscal Q3 revenues were halved and missed expectations.
    • Revenue from the Nokia channel fell to 22% of total revenue, vs. 24% last quarter. Meanwhile, expenses that remained fairly consistent led to another net loss.
    • Gross profit dropped to $2.66M from a year-ago $4.93M; before inventory provisions, gross profit was 28.3% vs. last quarter's 31.9%. Opex inched up to $7M.
    • Revenue breakout: Hardware and other, $7.7M (down 51%); Services, $2.45M (down 54%).
    • "Our third quarter revenue performance was disappointing, as operating challenges did not allow us to continue to make the progress that we have been achieving up to this point." said CEO Peter Allen. "With stronger backlog, we remain focused on eliminating these challenges in Q4, and restoring progress on our renewal and restructuring strategy to improve revenue and margin."
    • Conference call to come tomorrow at 8:30 a.m. ET.
    • Press Release
    Wed, Jan. 11, 6:01 PM | 7 Comments
  • Wed, Jan. 11, 5:07 PM
    • Dragonwave (NASDAQ:DRWI): FQ3 EPS of -$0.72 beats by $0.12.
    • Revenue of $10.2M (-51.4% Y/Y) misses by $3.4M.
    • Shares -15% AH.
    • Press Release
    Wed, Jan. 11, 5:07 PM
  • Dec. 14, 2016, 2:42 PM
    • DragonWave (DRWI +1.8%) has gotten an extension from Nasdaq to get back into listing compliance.
    • The exchange granted an extension until April 17 for the company to get back to $2.5M minimum in shareholder equity.
    • DragonWave had fallen into noncompliance in October after its shareholder equity (for the period ended Aug. 31) slipped to $1.662M.
    Dec. 14, 2016, 2:42 PM | 2 Comments
  • Nov. 7, 2016, 1:46 PM
    • Microwave radio supplier DragonWave (DRWI +0.2%) says it's gotten an extension to a multimillion-dollar project with a Tier 1 mobile operator in Argentina, its largest in the country.
    • DragonWave will work with regionl partner Trans Industrias Electronicas to replace legacy TDM radios with Harmony Trunk radios to support LTE deployment.
    • The Harmony Trunk is a hybrid solution allowing operators to move from full TDM to full IP and hybrids in between using software configuration. It offers fitting high capacity, long reach and all-indoor capabilities to support backhaul scalability needed, the company says.
    Nov. 7, 2016, 1:46 PM
  • Oct. 26, 2016, 1:26 PM
    • Microwave radio supplier DragonWave (DRWI +2.8%) is up after again pointing to successes with its Harmony radios, noting today that it's finished 10 successful trials with its Harmony Enhanced MC product.
    • That microwave system operates with smaller antennas than a traditional one, but doubles capacity.
    • Eight customers are showing demand (and order activity), including "a Tier 1 carrier, enterprise end-users and distributors," the company says.
    • Production shipments begin this quarter and will ramp during the next (fourth) fiscal quarter.
    • Shares have gotten steady small boosts with contract wins lately, but got their big move (up 47.1% in a day) last week after being chosen to take part in Sprint's network optimization.
    Oct. 26, 2016, 1:26 PM | 6 Comments
  • Oct. 25, 2016, 3:00 PM
    Oct. 25, 2016, 3:00 PM
  • Oct. 24, 2016, 1:50 PM
    • DragonWave (NASDAQ:DRWI) -- making moves up lately based on product deal announcements -- is up 3% again today on news it's been selected for a critical communications network upgrade in Australia.
    • The company's local partner there, CommTel Network Solutions, will use DragonWave's Harmony Radio links and Hub 800 switches as part of the upgrade for Australia's "leading telecom and information services company."
    • The Harmony solution will let the company easily swap out radios without extensive re-cabling, CommTel chief Robert Green says, and establishes a "scalable network solution with features that can support future network evolution."
    Oct. 24, 2016, 1:50 PM | 1 Comment
  • Oct. 24, 2016, 9:15 AM
    Oct. 24, 2016, 9:15 AM
  • Oct. 21, 2016, 7:43 PM
    • DragonWave (DRWI -3.3%) has gotten a noncompliance notice from Nasdaq saying the company is failing to meet a minimum of $2.5M in shareholder equity.
    • Shares are off another 3.4% after hours.
    • The company posted shareholder equity of $1.662M for the period ended Aug. 31.
    • DragonWave will have 45 days to offer a plan to regain compliance.
    • The share price had nearly doubled over the past three days, after it was selected to be part of Sprint's network optimization work.
    Oct. 21, 2016, 7:43 PM | 1 Comment
  • Oct. 20, 2016, 3:00 PM
    Oct. 20, 2016, 3:00 PM
  • Oct. 20, 2016, 12:45 PM
    Oct. 20, 2016, 12:45 PM
  • Oct. 20, 2016, 9:17 AM
    Oct. 20, 2016, 9:17 AM | 3 Comments
  • Oct. 19, 2016, 6:49 PM
    • DragonWave (DRWI +5.7%) has vaulted 60.6% in after-hours trading on several times normal volume, after noting its equipment has been chosen for Sprint's network optimization work.
    • The radio supplier says its microwave backhaul equipment will be part of Sprint's densification and optimization strategy, chosen because of strong security as well as dual-channel capability and "industry-leading" system gain.
    • "Microwave backhaul is a cost-efficient, reliable alternative when used in the right ring structures," says Sprint's Gunther Ottendorder, COO of Technology. "And it's a key part of the extension of our overall toolkit as we work to provide customers with more consistent coverage, better reliability, and even faster data speeds."
    • The postmarket quote of $3.55 would be the highest point the stock reached since Aug. 2.
    Oct. 19, 2016, 6:49 PM
  • Oct. 17, 2016, 3:00 PM
    Oct. 17, 2016, 3:00 PM