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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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Fool contributor Matt Koppenheffer does not own shares of any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or on his RSS feed. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.