DragonWave (NASDAQ:DRWI) Investors Getting More Visibility on Microwave Deployment

DragonWave (NASDAQ:DRWI) investors and shareholders should get a clearer picture on IP microvave deployment this quarter, giving more visibility to its potential as a revenue stream.

Canaccord says, "We reiterate our recommendation and raise our target price based on our DCF and comps analyses as we unveil our F2012 estimates. We are also adding DragonWave to our 2011 Focus List. We believe the number and size of IP microwave deployment opportunities are growing and that DragonWave is in a strong position to take advantage of some of these opportunities. We also believe that as the Clearwire funding gap is closed this quarter, investors will be provided with more clarity on this revenue stream.

"We are unveiling our F2012 estimates (ending February 2012) with forecast revenue of US$185.2 million and adjusted EPS of US$0.41."

Canaccord Genuity maintains a "Buy" on DragonWave, which closed Thursday at $8.90, gaining $0.60, or 7.23 percent. Canaccord increased their price target on them from $9 to $11.