NEW YORK (TheStreet) -- Shares of DragonWave (DRWI) were dropping 8.28% to $3.93 on heavy trading volume late Friday morning as investors take profits after the stock surged 100% yesterday.

Yesterday, the stock soared after the company's equipment was selected by telecom company Sprint (S) for network deployment.

Ontario-based DragonWave provides packet microwave solutions for Internet protocol (IP) networks.

Sprint will use the company's microwave backhaul equipment as part of its strategy to significantly densify its network through small cells and other solutions.

Densification helps Sprint keep up pace with growing demand for data and gives customers more capacity and quicker data speeds in targeted high-traffic locations.

More than 5.04 million of DragonWave's shares changed hands so far today vs. its average 30-day volume of 839,269 shares per day.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D- on DragonWave stock.

The company's weaknesses can be seen in multiple areas, such as its poor profit margins and generally disappointing historical performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: DRWI

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