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Tuesday, September 21, 2021

DragonWave, Inc.(USA) (NASDAQ:DRWI) Rallying on In-Flight 4G Deal

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DragonWave, Inc.(USA) (NASDAQ:DRWI) shares were all the rage this time last year. DRWI was trading through the $10.00 level in explosive fashion exceeding millions of shares per day. They experienced what many smaller stocks go through when they are required to do secondary offerings using stock. DRWI continues to deliver good news and coupled that with a nice 50% rally today off the lows trading back to near $1.00. However, it takes the markets awhile to digest all of the selling pressure.

Overall, the market had a high volume day on the news with SmartSky signaling (Which I will discuss below) much of the selling may have been absorbed. This could not come at a better time for shareholders.

DragonWave, Inc.(USA) (NASDAQ:DRWI) is a global supplier of packet microwave radio systems. DRWI was awarded a product supply and installation services contract from SmartSky Networks, a North American 4G LTE in flight service provider. This technology enables you to achieve connectivity on most airlines and was formed in 2011 by senior aviation and telecommunications executives seeking to transform aviation using disruptive communications technologies. Working with leading aerospace and technology partners, SmartSky is beginning the rollout of its innovative, air-to-ground network, SmartSky 4G LTE, this year.

SmartSky will deploy DragonWave’s Harmony Enhanced and Harmony Enhanced MC products to provide high-capacity backhaul for its ground to air 4G LTE network. Harmony Enhanced MC was selected for the high capacity delivered through its 2048QAM and dual channel capabilities. In addition, the high system gain of the Harmony Enhanced MC makes it ideally suited for the long path lengths in the SmartSky network.

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“The DragonWave Harmony Enhanced MC product solution offers our desired capacity requirements for SmartSky,” said SmartSky Networks Vice President of Services and Architecture Dave Claassen. “Harmony Enhanced MC delivers simple installation, operation and sophisticated remote management, so we are thrilled to partner with them to further enhance SmartSky’s capabilities.”

SmartSky accomplished the threshold technical and business milestones needed to close a major capital formation step, as it recently announced securing its $170 million series B financing. Thus, SmartSky is moving rapidly with the deployment of its coast-to-coast national network to bring users fast, seamless connectivity in the air.

“DragonWave is excited to be working with SmartSky on its innovative high capacity and low latency inflight offering. This application is ideally suited for Harmony Enhanced MC.” said DragonWave President and CEO Peter Allen. “We are also proud to be delivering engineering and installation services in support of this network.”

DragonWave’s carrier-grade point-to-point packet microwave systems transmit broadband voice, video and data, enabling service providers, government agencies, enterprises and other organizations to meet their increasing bandwidth requirements rapidly and affordably. The principal application of DragonWave’s portfolio is wireless network backhaul, including a range of products ideally suited to support the emergence of underlying small cell networks.

DragonWave, Inc.(USA) (NASDAQ:DRWI) has an excellent technology and the shares have been under pressure due to capital raising needs for expansion and operating capital. They seemed to have dodged a bullet avoiding some exchange requirements for shares staying above $1.00 with the recent rally, but they will need to get some real traction in sales for shareholders. There are a lot of who have been on a rollercoaster ride for more than a year and are looking for a solid bottoming of shares in the vein of this recent trading. Stay tuned and we will follow up on this rapidly changing story as events unfold. For continuing coverage on shares of $DRWI stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

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