DragonWave said it was selected as a microwave solutions provider for Gogo's ongoing expansion. The microwave radio system producer will provide the backhaul connectivity needed for Gogo's in-flight Wi-Fi systems. DragonWave's Horizon Quantum and Horizon Compact+ radios will be used to link Gogo's remote towers back to wired networks.
This is just the latest deal between the two companies, as Gogo already uses DragonWave products to help make its service possible. In a press release, DragonWave President and CEO Peter Allen said, "Probably the best compliment one gets from a customer is repeat business, and we're committed to help Gogo succeed as they expand their business of connecting passengers to the Internet at 30,000 feet."
TheStreet Ratings team rates DRAGONWAVE INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about its recommendation:
"We rate DRAGONWAVE INC (DRWI) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: