DragonWave Inc. (DRWI) - NASDAQ
  • Mon, Jul. 18, 3:00 PM
    | Mon, Jul. 18, 3:00 PM
  • Wed, Jul. 13, 6:23 PM
    • Packet microwave radio system supplier DragonWave (DRWI -2.2%) posted Q1 earnings where its net loss narrowed Y/Y though revenues fell by more than 50%. and declined slightly sequentially as well.
    • Revenue from the company's Nokia channel fell to 38% of total, vs. last quarter's 47%. Gross profit before inventory provisions was 31%, vs. last quarter's 22.3%.
    • Revenue breakout: Hardware and other, $8.6M (down 63.4%); Services, $3.9M (up 41.3%).
    • Conference call to come tomorrow at 8:30 a.m. ET.
    • Press Release
    | Wed, Jul. 13, 6:23 PM
  • Wed, Jul. 13, 5:02 PM
    • Dragonwave (NASDAQ:DRWI): Q1 EPS of -$1.23 misses by $0.38.
    • Revenue of $12.55M (-52.4% Y/Y) misses by $0.65M.
    • Press Release
    | Wed, Jul. 13, 5:02 PM
  • Wed, Jun. 15, 7:23 PM
    • Erik Boch is stepping down as DragonWave's (NASDAQ:DRWI) CTO to help found startup Ranzure Networks, which is backed by DragonWave 5G partner Mitel.
    • Product exec Ingrid Mag has been named VP of product development, and will now "assume expanded responsibility for all product development activity." In addition, Yu Qi, who has been in charge of DragonWave's Shanghai operations, will "additionally assume responsibility for the Chinese market."
    | Wed, Jun. 15, 7:23 PM | 2 Comments
  • Wed, May 18, 5:57 PM
    • RF backhaul firm DragonWave (NASDAQ:DRWI) has tanked in late trading, down 21.6%, after revenues crumpled in fiscal Q4 earnings with the loss of Nokia as a key channel source via Nokia's merger with Alcatel.
    • Revenue was down 73% overall; revenue from the Nokia channel dropped to $37.6M for the fiscal year from a previous $84.3M.
    • "The end of our relationship with Nokia for forward product has required a restructuring of our operations which is under way," says DragonWave CEO Peter Allen.
    • Revenue breakout: Hardware and other, $8.6M (down 79.4%); Services, $3.4M (up 64.8%).
    • Conference call to come tomorrow at 8:30 a.m. ET.
    • Press Release
    | Wed, May 18, 5:57 PM
  • Wed, May 18, 5:05 PM
    | Wed, May 18, 5:05 PM
  • Tue, May 10, 12:47 PM
    | Tue, May 10, 12:47 PM
  • Thu, Apr. 14, 12:45 PM
    | Thu, Apr. 14, 12:45 PM | 3 Comments
  • Thu, Apr. 7, 12:45 PM
    | Thu, Apr. 7, 12:45 PM | 1 Comment
  • Thu, Apr. 7, 9:14 AM
    | Thu, Apr. 7, 9:14 AM | 8 Comments
  • Tue, Apr. 5, 12:45 PM
    | Tue, Apr. 5, 12:45 PM | 10 Comments
  • Wed, Mar. 30, 12:46 PM
    | Wed, Mar. 30, 12:46 PM | 1 Comment
  • Thu, Jan. 28, 11:48 AM
    • To regain compliance with the Nasdaq's $1.00 minimum bid rule, DragonWave's (NASDAQ:DRWI) board has authorized a 1:25 reverse split. The company expects to begin trading on a split-adjusted basis on Feb. 4.
    • Shares have fallen to $0.09 following the news. DragonWave's market cap stands at $8M.
    | Thu, Jan. 28, 11:48 AM | 3 Comments
  • Fri, Jan. 22, 3:30 PM
    • Plenty of tech names crushed over the first 20 days or so of January are sharply higher as the Nasdaq (up 2.4%) continues rebounding from Wednesday's intraday lows. Many still have sizable YTD losses.
    • Big gainers among telecom equipment/component firms: Optical component vendors Oclaro (OCLR +9.5%) and NeoPhotonics (NPTN +6%), mobile infrastructure/services giant Ericsson (ERIC +6.2%), optical networking hardware vendor Infinera (INFN +5.2%), and microcap RF backhaul hardware firms DragonWave (DRWI +24.3%) and Ceragon (CRNT +10%). Ericsson underperformed yesterday following a pre-earnings Goldman downgrade.
    • Among enterprise tech firms: Threat-prevention technology and services provider FireEye (FEYE +7.7%), big data software provider Hortonworks (HDP +16.1%), security software/services firm Rapid7 (RPD +9.1%), data governance software firm Varonis (VRNS +5.6%), and flash storage array vendor Violin Memory (VMEM +13.6%). FireEye fell slightly yesterday after making a Q4 pre-announcement and announcing a $200M+ acquisition. Hortonworks was crushed on Tuesday after a Q4 pre-announcement and stock offering shelf registration.
    • Among chip industry firms: RF chipmaker Skyworks (SWKS +6%), audio codec developer Cirrus Logic (CRUS +7.3%), smart TV/home automation chipmaker Sigma Designs (SIGM +6.5%), FPGA/sensor hub maker QuickLogic (QUIK +9.2%), and chip equipment firms Axcelis (ACLS +4.9%) and Aixtron (AIXG +4.9%). Major Cirrus/Skyworks client Apple reports on Tuesday afternoon.
    • Also up big: 3D printer maker 3D Systems (DDD +7.1%), Russian search leader Yandex (YNDX +7.5%), mortgage origination software firm Ellie Mae (ELLI +6.4%), Chinese solar firm Yingli (YGE +11.4%), and SMB Web services provider Wix.com (WIX +5.3%).
    • Previously covered: Rosetta Stone, Live Ventures, HP Enterprise, Mitel, Mobileye, Qorvo, SunPower, SolarCity
    | Fri, Jan. 22, 3:30 PM | 6 Comments
  • Wed, Jan. 13, 5:09 PM
    • Dragonwave (NASDAQ:DRWI): Q3 EPS of -$0.08 vs. -$0.05 in 3Q14
    • Revenue of $21M (-55.6% Y/Y)
    | Wed, Jan. 13, 5:09 PM
  • Dec. 16, 2015, 10:20 AM
    • Amid widespread solvency fears, DragonWave (NASDAQ:DRWI) has overhauled its reseller deal with Nokia (NYSE:NOK), while keeping the companies' "global frame agreements" in place.
    • The specifics: 1) Nokia will remain DragonWave's main reseller channel for its Harmony Radio products. 2) DragonWave will continue providing software maintenance and hardware support to Nokia for joint product deployments. 3) The companies "may mutually agree on a case by case basis to address additional future specific customer requests of new DragonWave products through Nokia."
    • The "Nokia channel" accounted for 37% of DragonWave's August quarter revenue of $26.9M, and 50% of its FQ1 revenue. The deal restructuring comes as Nokia gets set to merge with Alcatel-Lucent, a move that had stoked fears Nokia would abandon DragonWave's RF backhaul offerings for Alcatel's.
    • DragonWave's market cap remains below $9M.
    | Dec. 16, 2015, 10:20 AM | 1 Comment
Company Description
DragonWave, Inc. provides packet microwave solutions that drive next-generation IP networks. Its carrier-grade point-to-point packet microwave systems transmit broadband voice, video and data, enabling service providers, government agencies, enterprises and other organizations to meet their... More
Sector: Technology
Industry: Communication Equipment
Country: Canada