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DragonWave Inc DRWIQ

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

Comment by bullgamblaon Oct 21, 2016 12:59pm
111 Views
Post# 25371392

RE:RE:Free DD on this stock for everybody

RE:RE:Free DD on this stock for everybodyHey guys, I should have clarified my post better. CRNT stock moved up at the time to $2.50 which was a 0.30 gain. Multiply that by 78MM shares and we had an INCREASE in market cap by 23,400,000 USD. Let's get an update - CRNT is trading at 2.59 which is .49 USD higher than Wednesday's close before the news broke. Based on that info, CRNT has ADDED $38.22MM USD in Market cap. Extrapolating with those metrics to determine if we have an efficient market, DWI sits at $4.00 USD currently 12:50PM EST ($5.30 CAD) . Since Wednesday's close, Dragon has added $ 1.79USD (based on $2.21 USD close) which when multiplied by shares outstanding (5.5MM) is only $ 9.845MM USD or about $ 13MM CAD. Let's extrapolate further - CRNT adds $23.4MM in market cap and DRWI adds just under $10MM market cap. CRNT is Sprint's primary vendor and DRWI is "a vendor". Is our deal only worth 43% of CRNT's? We can discuss what we believe it is worth... maybe the market has priced this correctly. But I'm thinking we should be at 60 - 70% of CRNT's add in market cap which would equal a current price of 14MM USD to 16MM USD or increase in Dragonwave's current share price to $4.72 USD to $ 5.09USD or $ 6.23CAD to $6.72 CAD share price. Again, this is only speculation but I believe our share price should follow CRNT's on this move. GLTA, Bull G
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