Endwave Takes Off After Lifting Revenue Guidance

Shares of Endwave (ENWV), a provider of radio-frequency subsystems for wireless networks, were on a tear Wednesday after the company raised its guidance for the second quarter.

The company said revenue for the second quarter ended June 30 will be in the range of $8.2 million to $8.5 million, compared with prior projections of $6.5 million to $7.5 million. As a result of the increased revenue, gross margin is also expected to exceed previous targets. ...