DragonWave Inc. DRWI 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. PLCM, InterDigital, Inc. IDCC and Juniper Networks, Inc. JNPR. While Polycom sports a Zacks Rank #1 (Strong Buy), InterDigital and Juniper Networks have a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DRAGONWAVE INC DRWI: Free Stock Analysis Report
POLYCOM INC PLCM: Free Stock Analysis Report
INTERDIGITL INC IDCC: Free Stock Analysis Report
JUNIPER NETWRKS JNPR: Free Stock Analysis Report
To read this article on Zacks.com click here.
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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. PLCM, InterDigital, Inc. IDCC and Juniper Networks, Inc. JNPR. While Polycom sports a Zacks Rank #1 (Strong Buy), InterDigital and Juniper Networks have a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DRAGONWAVE INC DRWI: Free Stock Analysis Report
POLYCOM INC PLCM: Free Stock Analysis Report
INTERDIGITL INC IDCC: Free Stock Analysis Report
JUNIPER NETWRKS JNPR: Free Stock Analysis Report
To read this article on Zacks.com click here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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