dragonwave

A recent report by Jefferies previews some of the top telecom and wireless equipment companies, including: Motorola (NYSE: MMI), Research in Motion (NASDAQ: RIMM), Dragonwave (NASDAQ: DRWI), and Brightpoint (NASDAQ: DRWI). Motorola will report first quarter earnings on April 28th and are expecting...

Hudson Securities is lowering its F4Q11 estimates on DragonWave Inc. (NASDAQ: DRWI). “We are lowering our estimates for the F4Q11 ending February to $15MM/($0.18) from $32MM/$0.01,” Hudson Securities writes. “For FY12, we are dramatically lowering our estimates to $90MM/($0.35) from $160MM/$0.25....

Jefferies is upgrading shares of DragonWave (NASDAQ: DRWI) to Buy from Hold and raising its PT to $9.50 from $8.00. “We value DRWI using a blended P/E and EV/EBITDA approach,” Jefferies writes. “On our FY12 estimates, we value DRWI using a 10.5x EV/EBITDA multiple and 13x P/E ex cash (40% of the...

Jefferies & Company has upgraded Dragonwave (NASDAQ: DRWI) to Buy from Hold and has raised the price from $8 to $9.50.