Mavenir Systems (MVNR) Updates Q2 Earnings Guidance
Mavenir Systems (NASDAQ:MVNR) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $(0.14)-(0.09) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.10), Stock Ratings News reports. The company issued revenue guidance of $29-31 million, compared to the consensus revenue estimate of $29.73 million.
A number of analysts have recently weighed in on MVNR shares. Analysts at Deutsche Bank raised their price target on shares of Mavenir Systems from $15.00 to $20.00 in a research note on Thursday, March 20th. They now have a buy rating on the stock. Analysts at Needham & Company LLC raised their price target on shares of Mavenir Systems from $14.00 to $16.00 in a research note on Friday, February 21st.
Mavenir Systems (NASDAQ:MVNR) traded down 10.90% during mid-day trading on Wednesday, hitting $12.26. The stock had a trading volume of 185,229 shares. Mavenir Systems has a 52 week low of $8.50 and a 52 week high of $18.78. The stock has a 50-day moving average of $16.16 and a 200-day moving average of $13.33. The company’s market cap is $287.1 million.
Mavenir Systems (NASDAQ:MVNR) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.31) by $0.26. The company had revenue of $28.73 million for the quarter, compared to the consensus estimate of $26.90 million. The company’s quarterly revenue was up 28.0% on a year-over-year basis. Analysts expect that Mavenir Systems will post $-0.35 EPS for the current fiscal year.
Mavenir Systems, Inc, (NASDAQ:MVNR) is a provider of software-based telecommunications networking solutions.
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