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Equities researchers at Bank of America started coverage on shares of Mavenir Systems (NASDAQ:MVNR) in a research report issued on Monday. The firm set a “buy” rating on the stock.

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.

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