Yesterday, 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."
Yesterday, 9:15 AM
Fri, Oct. 21, 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.
Thu, Oct. 20, 3:00 PM
Thu, Oct. 20, 12:45 PM
Thu, Oct. 20, 9:17 AM
Wed, Oct. 19, 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.
Mon, Oct. 17, 3:00 PM
Wed, Oct. 12, 5:48 PM
- Microwave radio supplier DragonWave (DRWI +2.3%) missed expectations on top and bottom lines in its
- fiscal Q2 earnings as services revenue was hit hard.
- Revenue grew slightly on a sequential basis, though, to $13.2M from Q1's $12.5M; excluding the Nokia channel, revenue grew 30% sequentially.
- And net loss narrowed on a sequential basis, to a loss of $0.96/share vs. Q1's loss of $1.23/share.
- "We are pleased with the growth in our direct revenue in the quarter and the progress that we have seen on our renewal and restructuring approach," says CEO Peter Allen. "We expect to continue this progress in coming quarters."
- Revenue breakout: Hardware and other, $9.5M (down 58%); Services, $3.7M (down 14%).
- Conference call to come tomorrow at 8:30 a.m. ET.
- Press Release
Wed, Oct. 12, 5:01 PM
Wed, Sep. 28, 7:41 PM
- Microwave radio supplier DragonWave (DRWI -1.9%) says it's supporting Blue Wireless' expansion, as the latter has ordered 100 of DragonWave's Horizon Compact+ and Horizon Quantum microwave radio links.
- Blue Wireless offers nationwide coverage. "Our evaluation of microwave radios was thorough and based on finding a fiber-equivalent solution with the scalability to meet our growing capacity demands," says the firm's Eric Wong.
- DragonWave says Blue Wireless will get 40% greater capacity for channel than competing solutions, providing for multi-gigabit capacities.
Mon, Sep. 26, 3:02 PM
Mon, Sep. 12, 12:47 PM
Wed, Aug. 3, 10:01 AM
- DragonWave (NASDAQ:DRWI) has fallen 14% after news that it's priced a $6M public offering of common stock and warrants.
- The company will sell that amount in Class A units and Class B units. It may sell up to 1,791,044 Class A units (one common share, one five-year warrant and two six-month warrants) at $3.35 per unit.
- To those whose purchase of Class A units would push them over the 9.99% beneficial ownership limitation, up to 1,791,044 Class B units can be sold, made up of a pre-funded warrant for one share, and one long-term and two short-term warrants as in the Class A unit.
- Long-term warrants have an exercise price of $4.37/share; short-term warrants at $4/share.
- Shares have slipped today to $3.13, their lowest point since March.
Wed, Aug. 3, 9:15 AM
- Gainers: SZMK +45%. KOOL +43%. INVT +26%. GNW +23%. ZAGG +14%. OCLR +12%. FIT +9%. BOFI +8%. ING +8%. TRXC +8%. ETP +7%. FCAU +6%. ETSY +6%. ZTS +6%.
- Losers: RUBI -29%. DRWI -20%. CRAY -20%. VGZ -19%. KATE -18%. CYH -17%. CROX -17%. ELGX -11%. FTAI -9%. QRVO -8%. SHIP -6%. COH -6%. RGC -6%. HBI -6%. KORS -6%. INO -5%.
Mon, Aug. 1, 3:00 PM