DragonWave Inc. (DRWI) was a big mover last session, as its shares rose over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend for the company since May 7, as the stock is now trading above the volatile price range of $1.10 to $1.27.
In the last 7 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
DragonWave currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Other better-ranked stocks in the wireless equipment industry include Polycom, Inc. (PLCM), HTC CORPORATION (HTCXF) and InterDigital, Inc. (IDCC). While InterDigital and HTC CORPORATION carry a Zacks Rank #2 (Buy), Polycom sports a Zacks Rank #1 (Strong Buy).
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