Mavenir Systems Coverage Initiated by Analysts at Bank of America (MVNR)
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Mavenir Systems in a research note on Monday, August 11th. They set a “buy” rating and a $15.00 price target on the stock. Analysts at Cowen and Company initiated coverage on shares of Mavenir Systems in a research note on Monday, August 11th. They set an “outperform” rating and a $21.00 price target on the stock. Four equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $16.60.
Shares of Mavenir Systems (NASDAQ:MVNR) opened at 11.09 on Monday. Mavenir Systems has a 52-week low of $8.50 and a 52-week high of $18.78. The stock’s 50-day moving average is $12.85 and its 200-day moving average is $14.40. The company’s market cap is $273.8 million.
Mavenir Systems (NASDAQ:MVNR) last announced its earnings results on Monday, July 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.07. The company had revenue of $33.30 million for the quarter, compared to the consensus estimate of $30.05 million. The company’s revenue for the quarter was up 29.1% on a year-over-year basis. On average, analysts predict that Mavenir Systems will post $-0.16 earnings per share for the current fiscal year.
In other Mavenir Systems news, Director Benjamin L. Scott bought 7,000 shares of the stock on the open market in a transaction that occurred on Monday, August 11th. The shares were purchased at an average cost of $10.76 per share, with a total value of $75,320.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Mavenir Systems, Inc, (NASDAQ:MVNR) is a provider of software-based telecommunications networking solutions.
Receive News & Ratings for Mavenir Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mavenir Systems Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.