Dragonwave Inc (TSE:DWI) Stock Target Upgraded

In an analyst report issued by Desjardins Securities on Monday morning, Dragonwave Inc (TSE:DWI) had its target cut to $3.30. The firm at present has Hold rating on the stock.

After (TSE:DWI) target cut, the stock is currently trading 1.99% higher at $3.08 as of 4:00 AM New York time. Dragonwave Inc.’s stock is 0% over the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has risen 10.43% over the same time.

Dragonwave Inc (TSE:DWI) Profile

DragonWave Inc (DragonWave) is a provider of packet microwave solutions for Internet protocol (IP) networks. The Company operates through broadband wireless backhaul equipment segment. The principal application of DragonWave’s products is mobile network backhaul.

Dragonwave Inc (TSE:DWI) traded up 1.99% on 16 January, hitting $3.08. A total of 9,450 shares of the company’s stock traded hands. This is down from average of 25,048 shares. Dragonwave Inc. has a 52 week low of $2.25 and a 52 week high of $13.96. The company has a market cap of $18.74M and a P/E ratio of 0.

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The post Dragonwave Inc (TSE:DWI) Had Its Target Decreased by 25.00 % at Desjardins Securities to $3.30 appeared first on Octafinance.