Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Canadian wireless Ethernet equipment maker DragonWave
So what: DragonWave announced fiscal-third-quarter (ending Nov. 30) results last night after the close, and the company didn't exactly wow investors. Revenue of $27 million was in line with what analysts were looking for, but only because the company had already cut its revenue projection from $30 million back in November. Roughly break-even earnings per share were slightly better than the $0.01 loss that was expected, but that was hardly enough to outweigh the company's lackluster forecast for the next quarter, in which DragonWave said it expects to log $15 million in revenue. That's a heady drop from both the $27 million this quarter and the $61 million in the fourth quarter of last year.
Now what: In 2009, Clearwire
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