DragonWave (DRWI) in Focus: Stock Moves 8.1% Higher – Tale of the Tape

January 6, 2014 Technicals 0

Zacks

DragonWave Inc. (DRWI) was a big mover last session, as the company saw its shares rise by over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.28 to $1.46 in the past one-month time frame.

This wireless equipment company has seen no estimate revision over the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. The recent 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 #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in same industry include InterDigital, Inc. (IDCC), Ubiquiti Networks, Inc. (UBNT) and Mitel Networks Corporation (MITL). While InterDigital and Ubiquiti Networks hold a Zacks Rank #1 (Strong Buy), Mitel Networks carries a Zacks Rank #2 (Buy).

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