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DragonWave Inc DRWIQ

Technology
DragonWave Inc is a Canadian company which provides high-capacity packet microwave solutions that drive next-generation IP (Internet Protocol) networks. It operates through the single segment being Broadband wireless backhaul equipment which includes embedded software. The company's product line includes Harmony, Horizon, Avenue, and NetViewer. The company operates its business in Canada, Malaysia, and another region. The majority of the company's revenue comes from Canada.


OTCPK:DRWIQ - Post by User

DragonWave Inc
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Post by Ranger56on Jan 22, 2014 11:25am
295 Views
Post# 22120381

Step back and see what just happened....

Step back and see what just happened....A trend reversal. The Gogo news today was particularly positive with repeat business and a clear indication DWI has an effective reliable low cost back haul solution. This follows up news of another deal with Xi'an Potevio Communications in China announced on Jan/15. On the technicals, the 2 year down trend line has just been broken. It bounced off the 200 day MA which is about 2.22. It seems very likely that DWI breaks through the 200 day. You can expect a nice uptrend if it holds above the 200 Day. Also, don't be surprised with more deals for the DWI solution, customers come in waves when a few start signing up and see a good economic reliable proven solution, they follow. This will support the up trend and you will start seeing rising revenues and improving margins from here. Don't fight it, see it early, and just go with it.
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