DragonWave (DRWI) Continues Upward Path; Longbow Sees Upside In Fitbit (FIT)


Shares of DragonWave Inc. (Nasdaq:DRWI) continued an upward path for the second trading session in a row, following the positive momentum generated by the launch of the company’s eCommerce store for accesory sales

DRWI stock closed at $4.93, up $1.54 (or +45.43%), and 837,112 of its shares exchanged hands on Thursday, a large increase in activity versus its average volume (3m) of 60,243

DragonWave, a leading provider of high-capacity packet microwave solutions, has 3.02M Shares Outstanding, Market Capitalization (intraday) of $14.88M and DRWI stock 52-week range is from $1.50 to $19.75 per share



The price of Fitbit Inc. (NYSE:FIT) stock climbed $1.75 (or +13.06%) to $15.15 on Thursday’s market activity after the company said that it has delivered more than one million Fitbit Blaze(TM) devices in its first month and also over one million Fitbit Alta(TM) devices in the first three weeks of retail availability

Investment analysts at Longbow initiated coverage on shares of the company with a Buy rating and a price target of $20.00, representing still a significant upside potential

Fitbit, which designs products and experiences that track everyday health and fitness, has 137.97M Shares Outstanding, Market Capitalization (intraday) of $3.12B and FIT stock one-year range is between $11.91 and $51.90 per share


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