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Company Update (NASDAQ:DRWI): Here’s Why DragonWave, Inc. (USA) Shares Are Jumping 48% Today

DragonWave, Inc. (USA) (NASDAQ:DRWI) investors should be smiling from ear to ear today after the microwave technology firm announced that Sprint Corp (NYSE:S) has selected its microwave backhaul equipment for network deployment as part of the company’s densification and optimization strategy.

DragonWave shares reacted to the news, jumping nearly 41% to $3.12 in early trading Thursday.

DragonWave was selected for the combination of its dual channel capability and industry leading system gain, as well as its advanced network security capabilities. DragonWave’s microwave backhaul equipment will be used as part of Sprint’s strategy to significantly densify its network through the deployment of small cells and other solutions, with the goal of further improving network performance and the...