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Last C$0.26 CAD
Change Today 0.00 / 0.00%
Volume 13.9K
As of 2:48 PM 10/2/15 All times are local (Market data is delayed by at least 15 minutes).

dragonwave inc (DWI) Snapshot

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10/9/14 - C$1.49
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dragonwave inc (DWI) Details

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.

Founded in 2000

dragonwave inc (DWI) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $365.2K
Co-Founder and Vice President of Operations
Total Annual Compensation: $231.6K
Co-Founder, Chief Technical Officer and Vice ...
Total Annual Compensation: $231.6K
Executive Vice President of Global Sales
Total Annual Compensation: $261.1K
Compensation as of Fiscal Year 2015.

dragonwave inc (DWI) Key Developments

DragonWave Inc. Updates Revenue Guidance for the Second Quarter of Fiscal 2016

DragonWave Inc. announced updated revenue expectations of approximately $27.5 million for the second quarter of fiscal year 2016 ended August 31, 2015. This updates previous guidance provided on July 8, 2015 that sequential quarterly revenue growth would be in the low end of the 30% to 60% range. The sequential quarterly revenue growth for the quarter is now expected to be approximately 4%. The variance from its July 8, 2015 outlook was primarily caused by two factors: equipment and service orders that were approximately $3.4 million lower than expected (about half of these orders are now anticipated to be received in the third quarter), and approximately $2.8 million of shipments that did not make the second quarter cutoff and slipped to third quarter.

DragonWave Announces Transfer Of Listing To The NASDAQ Capital Market And Extension Of Period For NASDAQ Compliance

DragonWave Inc. announced that its request to transfer the listing of its securities from The NASDAQ Global Market to The NASDAQ Capital Market has been approved by the Staff of the NASDAQ Listing Qualifications Department, effective with the open of trading on August 28, 2015. The Company's common shares will continue to trade under the symbol "DRWI". As previously announced, on March 5, 2015, the Company received notice that its closing bid price had been below $1.00 per share for 30 consecutive business days and that, accordingly, the NASDAQ Staff had granted the Company an extension through August 31, 2015 to regain compliance with the $1.00 per share bid price requirement. The Company has not been able to regain compliance with this requirement within such period, and the Company transferred the listing of its common shares from The NASDAQ Global Market to The NASDAQ Capital Market. In connection with such transfer, the Company was granted an additional 180 days to regain compliance with the minimum $1.00 bid price per share requirement. The new extension period runs through February 29, 2016. In order to regain compliance with the $1.00 per share bid price requirement, the Company's common stock must close at $1.00 per share or more for a minimum of 10 consecutive business days (subject to being increased to 20 consecutive business days at the discretion of NASDAQ's Staff) prior to the end of the new extension period. If the Company cannot demonstrate compliance with this requirement by February 29, 2016, or it does not comply with the terms of the extension granted by the NASDAQ Staff, the Company's common stock may then be subject to delisting.

DragonWave Inc. Announces Management Changes

DragonWave Inc. announced that Russell Frederick, Vice President and Chief Financial Officer, is leaving the company due to personal reasons. Russell's departure is effective immediately, and he will no longer serve as a member of the Board of Directors of DragonWave Inc. or any related entities. Patrick Houston will assume Russell's duties in the role of Interim Chief Financial Officer. Patrick is currently the Assistant Vice President of Finance and Operations of DragonWave and has been with DragonWave in senior roles for eight years. Before joining DragonWave, Patrick was a senior associate at Deloitte LLP. Patrick is a Certified Public Accountant.


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