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Stock Market & Financial Investment News

News Breaks
July 2, 2014
09:31 EDTDRWIDragonWave upgraded to Buy from Neutral at H.C. Wainwright
H.C. Wainwright upgraded DragonWave to Buy with a $3 price target citing the company's sales growth and multiple revenue sources.
News For DRWI From The Last 14 Days
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February 2, 2016
17:04 EDTDRWIDragonWave provides update on share consolidation
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January 27, 2016
17:05 EDTDRWIDragonWave to proceed with proposed share consolidation
DragonWave announced that it intends to proceed with the share consolidation as proposed in the Management Proxy Circular dated December 11, 2015 and approved at the Company's special meeting of shareholders on Tuesday January 26, 2016. This announcement provides additional details on the Consolidation. At a special meeting held on January 26, 2016, DragonWave's shareholders approved a Consolidation on the basis of a consolidation ratio of between 1-for-15 and 1-for-25. The Board of Directors intends to implement the share Consolidation on the basis of twenty-five pre-Consolidation shares for one post-Consolidation share. The Consolidation of the Company's common shares is intended to establish the basis for the shares to trade above US$1.00, as per the listing requirements of the NASDAQ Stock Market. Taking this step will support the Company's efforts to maintain market access and trading liquidity of current and future shareholders who trade on the NASDAQ exchange

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