Mavenir Systems Sets New 52-Week High at $13.50 (MVNR)
Shares of Mavenir Systems (NASDAQ:MVNR) reached a new 52-week high during mid-day trading on Wednesday , Analyst RN reports. The stock traded as high as $13.50 and last traded at $13.35, with a volume of 46,310 shares trading hands. The stock had previously closed at $12.80.
A number of analysts have recently weighed in on MVNR shares. Analysts at Deutsche Bank initiated coverage on shares of Mavenir Systems in a research note on Thursday, December 5th. They set a “buy” rating and a $14.00 price target on the stock. Separately, analysts at Needham & Company initiated coverage on shares of Mavenir Systems in a research note on Monday, December 2nd. They set a “buy” rating and a $14.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Mavenir Systems in a research note on Monday, December 2nd. They set an “overweight” rating and a $13.00 price target on the stock.
The stock has a 50-day moving average of $11.98 and a 200-day moving average of $11.03. The company’s market cap is $314.9 million.
Mavenir Systems (NASDAQ:MVNR) last issued its quarterly earnings data on Wednesday, December 4th. The company reported ($0.16) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.17) by $0.01. The company had revenue of $26.00 million for the quarter, compared to the consensus estimate of $17.00 million. The company’s quarterly revenue was up 52.0% on a year-over-year basis. Analysts expect that Mavenir Systems will post $-0.49 EPS for the current fiscal year.
Mavenir Systems, Inc, (NASDAQ:MVNR) is a provider of software-based telecommunications networking solutions.
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