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The company, which provides packet microwave radio systems for mobile and access networks, said it now sees revenue for the quarter of about $30 million; previous guidance called for $40 million to $45 million.
"The main area of shortfall behind the revised revenue guidance is lower revenue from Nokia Siemens Networks during the fourth quarter when compared to Q3 FY13," the company said in a statement.
DragonWave also said it has "initiated further cost improvement measures."
DRWI this morning is down 55 cents, or 23%, to $1.84.
