Nokia (NOK), Siemens (SI) Lower as DragonWave (DRWI) Cuts Outlook

March 4, 2013 12:46 PM EST
Nokia Corp. (NYSE: NOK) and Siemens AG (NYSE: SI) are looking a little pressured today following updated guidance from peer DragonWave Inc. (Nasdaq: DRWI).

DragonWave cut its sales outlook for Q412, stating: "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."

Nokia is down about 2.5 percent while Siemens is off 0.5 percent.

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