BUZZ-DragonWave Inc: Smaller-than-expected loss

Thu Jul 10, 2014 11:16am EDT
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** Canadian wireless networking equipment maker's U.S. shares up 3.6 pct at $2.32

** Reports a smaller-than-expected loss for the first quarter as demand rises

** Revenue jumps 17.3 pct

** "The increased demand that we observed in Q1 2015 is continuing into our second quarter. Momentum is such that we anticipate revenue growth between 25 percent and 40 percent relative to Q1," said DragonWave President and CEO Peter Allen

** Shares up nearly 60 pct this year to Wednesday close