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DragonWave (DRWI) in Focus: Stock Rises 16.3%
June 05, 2014

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DragonWave Inc. was a big mover last session, as the company saw its shares rise over 16% 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 $1.10 to $1.40 in the past one-month time frame.

The company has seen four negative revisions in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s jump lasts.

DragonWave currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

However, better-ranked stocks in the wireless equipment industry include Polycom, Inc. , InterDigital, Inc. (IDCC - Free Report) and Juniper Networks, Inc. (JNPR - Free Report) . While Polycom sports a Zacks Rank #1 (Strong Buy), InterDigital and Juniper Networks have a Zacks Rank #2 (Buy).

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