Thursday, February 28, 2013

DragonWave Rallies On Pair Of Contract Announcements

DragonWave (DRWI) shares are trading higher after the company this morning made a pair of contract announcements.

  • The company said it signed a deal with The Blue Zone, a fixed wireless provider, for microwave backhaul equipment to be used in a system in Jordan. The value of the deal was not disclosed.
  • DragonWave also announced that Atlantic Tele-Network (ATNI) has signed a master purchasing agreement to buy DRWI products. The value of the deal was not provided.

DRWI this morning is up 48 cents, or 6%, to $8.52.

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