Tech Updates: DragonWave, Inc. (DRWI), A10 Networks, Inc. (ATEN), Digital Ally (DGLY)

According to the latest reports, DragonWave, Inc. (DRWI)’s revenues for the first quarter of the year 2014 have jumped up by 17.4 percent when compared with the revenue figures of the same time period, a year back. Market analysts firms are of the opinion that the company will see a growth of 25 percent to 40 percent in its revenues during the second quarter of the year 2014.

In the last trading session, July 10, the company’s stocks started at a price of $2.39 and closed at a price of $2.37. The company has a 52 week high of $3.58 and a 52 week low of $1.08. As far as company’s EPS and beta are concerned, the figures are reported to be around -$0.71 and 1.81 respectively.

Coming to A10 Networks, Inc. (ATEN), Catherine Trebnik, an analyst at Dougherty & Company LLC., has given the company stocks a ‘reasonable’ valuation; however, the firm is of the opinion that ATEN’s executive strategy is questionable. Currently, the company has a consensus rating of “overweight’ on its stocks, with ‘buy’ ratings from 6 market analyst firms and ‘hold’ ratings from 2 others.

On the last trade day, the company’s stocks started at a price of $12.37 and closed at an increased price of $12.67. As far as ATEN’s market capitalization and EPS (Earnings per Share) are concerned, the figures are reported to be around $722.53 million and -$2.55 respectively. Moreover, the company has a 52 week high of 16.50 and a 52 week low of 10.20 whereas its one year price target has reported to be $17.86.

Talking about Digital Ally (DGLY), the share prices of Digital Ally (DGLY) have gone up significantly following the news that the company will receive its VuLink connectivity system’s patent for the United States on July 15, 2014. Moreover, news has it that the company has started the shipment of its VuLink to many of its clients; most of these customers are law enforcement companies and agencies.

When asked about its latest product, VuLink, Digital Ally (DGLY) answered that its new system will be able to activate cameras both automatically and manually. This system will activate both the vehicle mounted cameras as well as body cameras. One interesting feature about this product is that the recordings made by vehicle or body cameras can be later on sewed together; this way a flawless record can be made as the linked recordings will be helpful in analyzing the incident from many different perspectives and angles. It will not be wrong to say that there is much anticipation going on in the market as to whether VuLink will be a success or not.

The share prices of DGLY rose up by 148 percent, in the last trading session. Its 52 week high is $17.47 whereas its 52 week low is $3.03. Moreover, the company has a market capitalization of $16.6 million and its EPS (Earnings per Share) is reported to be in a negative right now: $-1.58