DragonWave Inc. provides high-capacity packet microwave solutions that drive next-generation IP networks worldwide. The company designs, develops, markets, and sells proprietary, carrier-grade microwave radio frequency networking equipment that wirelessly transmit broadband voice, video, and other data between two points. Its wireless carrier-Ethernet links, which are based on a native Ethernet platform, function as a wireless extension to an existing fiber and global optic core telecommunications network. The company's products principally perform the backhaul function in a communication service provider's network, connecting high-traffic points of aggregation, such as high-capacity wireless base stations, small cells, and large out of territory' enterprises to nodes on the fiber optic core network. It serves customers primarily in the communications service provider market, including broadband service providers and mobile service providers; and enterprise and municipal/government customers that own or operate private networks requiring point-to-point applications. DragonWave Inc. was founded in 2000 and is headquartered in Ottawa, Canada.
http://m.ottawasun.com/2016/04/05/dragonwave-shares-surge-after-5g-announcement DragonWave shares surge after 5G announcement Finally, a shaft of light at DragonWave which has been hurtling through a year from hell. Shares at the Kanata-based developer of high-speed wireless gear soared nearly 48 per cent Tuesday to reach $11.30 on the TSX. Even more impressive, they’ve quadrupled in the past six trading days. “I think our recent announcements have reminded our investor base that we’re still around,” said DragonWave CEO Peter Allen. The main catalyst for the surging share price appears to have been the revelation March 29 that DragonWave and its next-door neighbour Mitel Networks will collaborate on next-generation 5G wireless technologies. The latter are expected to operate 50 times faster than today’s WiFi networks, allowing people to download movies in a matter of seconds. “5G will create demands on networks,” said Allen. “That’s good news for us,” he added. The real promise of 5G lies in its ability to allow smartphone subscribers to access their cars, appliances and other personal electronics. Major wireless carriers such as Verizon and Bell plan to begin testing 5G services sometime in 2017. Mitel recently established a new division, led by former Mavenir CEO Pardeep Kohli, to invest in 5G technology. DragonWave is to provide its expertise in microwave technology, a low-cost substitute for fibre-optic cable. For the moment, the Mitel-DragonWave collaboration is all about technology. As the market for 5G gear actually develops, the firms will discuss how to split revenues generated by the sale of products. In the meantime, DragonWave will rely in part on secondary streams of revenue to avoid a further deterioration in its thin cash balance. The company reported less than $8 million (all figures U.S.) at the end of November, considered low for a high-tech firm. The loss for DragonWave’s fourth quarter ended Feb. 29 – to be reported sometime in May – is expected to be around 75 cents per share, or slightly more than $2 million. To help buttress revenues – forecast to be about $25 million in the fourth quarter – DragonWave announced Tuesday it will compete for the right to service some 400,000 microwave units already installed in networks around the world, including the product line it acquired in 2012 from Nokia. Nokia earlier this year acquired Alcatel-Lucent, which competes directly against DragonWave and its line of microwave gear. The Nokia acquisition, along with a technical glitch reported last summer by one of DragonWave’s key customers in India, sent Allen’s company into a tailspin that required some emergency measures. Early this year DragonWave shareholders approved a 25 to one consolidation of the company’s stock – there are currently about 3 million shares outstanding. This, to permit the company to continue trading on the New York-based Nasdaq stock exchange, which requires firms to trade above $1 per share. There seems little danger the firm will approach that mark anytime soon. DragonWave on Tuesday saw its shares jump $2.78 per share on Nasdaq, up 47 per cent to close at $8.70. However, investors do need to keep a couple of things in perspective. First, DragonWave shares were down 40 cents per share in early after-market trading. Perhaps more revealing, the firm’s regular 4 p.m. closing price was 82-per-cent below its value of last summer. When share values drop this far, any bit of news – good or bad – tends to trigger very sharp moves in percentage terms. This past week has all been to the good for Peter Allen and DragonWave.
Here's Why DragonWave (DRWI) Stock Is Skyrocketing Today NEW YORK (TheStreet) -- Shares of DragonWave (DRWI) were surging 90.05% to $4.20 on heavy trading volume late Thursday morning after the company's equipment was selected by Sprint (S) for network deployment. The Ontario-based company is a provider of packet microwave solutions for Internet protocol (IP) networks. Sprint will use DragonWave's microwave backhaul equipment as part of its strategy to significantly densify its network through deploying small cells and other solutions, according to a company statement. Densification allows Sprint to keep pace with rising demand for data and gives customers more capacity and faster data speeds in targeted high-traffic locations. "Microwave backhaul is a cost-efficient, reliable alternative when used in the right ring structures, and it's a key part of the extension of our overall toolkit as we work to provide customers with more consistent coverage, better reliability, and even faster data speeds," Sprint's COO of Technology Günther Ottendorfer said in a statement. Additionally, DragonWave stock was upgraded to "hold" from "sell" at Desjardinstoday, the Fly reports. The Sprint contract could be big enough to return operations to a cash neutral position, the firm said. More than 6.86 million of DragonWave's shares changed hands so far today vs. its average 30-day volume of 42,662 shares.
"The company said it is currently anticipated that it will continue to operate in the normal course during the sale process."
