Dragonwave only does one thing. It makes radio backhaul equipment for IP. It is virtually unique in the world in focusing only on IP traffic. The shares have been languishing as after a brilliant start with clearwire, where drwi built most of the infrastructure sales have fallen off a cliff. The reason is that the roll out of networks to support high speed delivery of data to smartphones and tablets stalled due to the recession. The shares trading around $12 a year ago are now at around $4.
What the Market is Missing
Dragonwave has a lock on microwave backhaul with IP and IP is the future for radio. The massive sales of smartphones will force the carriers to upgrade to provide more bandwidth and then they will take off.
My View
I think the shares will double this year.
What the Market is Missing
Dragonwave has a lock on microwave backhaul with IP and IP is the future for radio. The massive sales of smartphones will force the carriers to upgrade to provide more bandwidth and then they will take off.
My View
I think the shares will double this year.
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