DragonWave, a company that develops broadband wireless backhaul and pseudowire equipment, has revised its revenue expectations for the first quarter of financial year 2015. The company is expecting to see revenue growth in the first quarter of financial year 2015 to be up 60% over what was earned in the fourth quarter of financial year 2014.
Prior to the revised revenue outlook, DragonWave was expecting to see revenue growth of 50% in the first quarter of 2015. Analyst are expecting the company to post revenue of $26.29 million for that quarter, RTT News notes.
DWI shares were up 28% as of Wednesday morning.