{"id":485698,"date":"2010-03-29T11:47:00","date_gmt":"2010-03-29T15:47:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:415404"},"modified":"2010-03-29T11:47:00","modified_gmt":"2010-03-29T15:47:00","slug":"dragonwave-target-cut-on-caution-about-possible-new-contracts","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/485698","title":{"rendered":"DragonWave target cut on caution about possible new contracts"},"content":{"rendered":"<p>It does not look good for <a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=DWI&amp;id=17507867\" >DragonWave Inc.&#39;s<\/a> chances of winning new contracts with AT&amp;T Mobility and Verizon Wireless, says Kris Thompson, National Bank Financial analyst. <\/p>\n<p>Following discussions with so called &quot;industry experts&quot; at the CTIA Wireless convention in Las Vegas last week, Mr. Thompson removed from his estimates any consideration of new deals with AT&amp;T and Verizon for its microwave backhaul technology.  <\/p>\n<p>His fiscal 2011 revenue forecast falls by 16% and his earnings estimate declines by 13%. He did maintain his Outperform rating, but dropped his price target from $17 to $14.<\/p>\n<p>&quot;In our view, the stock price could see some more downside if we are correct and DragonWave does not win deployments at AT&amp;T Mobility and Verizon Wireless. However, DragonWave received some positive news from Clearwire\u2019s deployment plans and the company is attacking other international opportunities,&quot;  <\/p>\n<p>Mr. Thompson learned from his Las Vegas discussions that North American Tier 1 carriers, such as AT&amp;T Mobility and Verizon Wireless, generally require all-indoor microwave backhaul solutions that place the radio and switching capability in one box. <\/p>\n<p>&quot;This North American preference is due primarily to the desire, or in some cases policy, to avoid tower climbs in the event of a radio malfunction,&quot; he said.  <\/p>\n<p>&quot;The primary opportunity for DragonWave, in our view, lies in rural areas where fiber connections are less common as compared to urban markets.&quot;<\/p>\n<p><a href=\"mailto:dpett@nationalpost.com%20\">David Pett<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=415404\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It does not look good for DragonWave Inc.&#39;s chances of winning new contracts with AT&amp;T Mobility and Verizon Wireless, says Kris Thompson, National Bank Financial analyst. Following discussions with so called &quot;industry experts&quot; at the CTIA Wireless convention in Las Vegas last week, Mr. Thompson removed from his estimates any consideration of new deals with [&hellip;]<\/p>\n","protected":false},"author":4060,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-485698","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/485698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4060"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=485698"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/485698\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=485698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=485698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=485698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}