DragonWave, Inc. (NASDAQ: DRWI) is a leading provider of
high-capacity packet microwave solutions that drive next-generation IP
networks. The company’s carrier-grade point-to-point systems enable service
providers to more effectively transmit broadband voice, video and data by
rapidly and affordably increasing bandwidth capacity. Leveraging the steep
competitive advantage provided by its significant intellectual property portfolio,
DragonWave has built a reputation in the communications industry as a leader in
capacity, reliability and spectral efficiency.
In recent years, the demand for bandwidth has continued to
grow at an extraordinary rate. According to Cisco, global IP traffic increased
fivefold from 2009 to 2014, and a compound annual growth rate of 23 percent is
forecast from 2015 to 2019. As part of this growth, annual global IP traffic is
expected to surpass the zettabyte threshold by the end of 2016 before reaching
two zettabytes just three years later. For DragonWave, this insatiable thirst
for more bandwidth gives it near-limitless market potential in the years to
come, and the company’s current positioning within the industry is expected to
provide a formidable platform upon which to encourage this growth.
In its fiscal quarter ending May 2015, DragonWave provided
prospective investors with a preview of its growth potential, advantaging
increased industry demand and its innovative high-capacity Harmony Enhanced
product to promote strong financial returns for the remainder of the fiscal
year. In May, the company announced a sizable agreement with a leading
telecommunications provider in India to deliver more than 3,000 turnkey links
of its next-generation radio system, which will support the operator’s upgrade
and expansion of its nationwide 3G and 4G wireless services.
“We are pleased with the increased demand as we move into
our second quarter,” Peter Allen, president and chief executive officer of
DragonWave, stated in a news release. “Momentum is such that we anticipate
revenue growth of between 30 percent and 60 percent in Q2 relative to Q1.”
With sales locations in Europe, Asia, the Middle East and
North America, DragonWave is strategically positioned to build upon its recent
performance in vital markets around the globe. For prospective shareholders,
the company’s strong intellectual property portfolio and established position
within the communications and broadband industries could combine to make
DragonWave a rewarding investment opportunity moving forward.
For more information, visit www.dragonwaveinc.com
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