Mavenir Systems Now Covered by Analysts at Imperial Capital (MVNR)
Equities researchers at Imperial Capital began coverage on shares of Mavenir Systems (NASDAQ:MVNR) in a research report issued on Thursday. The firm set an “outperform” rating and a $15.00 price target on the stock. Imperial Capital’s price target suggests a potential upside of 27.88% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America initiated coverage on shares of Mavenir Systems in a research note on Monday, August 18th. They set a “buy” rating and a $19.00 price target on the stock. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $16.71.
Shares of Mavenir Systems (NASDAQ:MVNR) traded down 0.51% on Thursday, hitting $11.67. The stock had a trading volume of 28,525 shares. Mavenir Systems has a 1-year low of $8.50 and a 1-year high of $18.78. The stock’s 50-day moving average is $12.15 and its 200-day moving average is $14.35. The company’s market cap is $288.1 million.
Mavenir Systems (NASDAQ:MVNR) last issued its quarterly earnings data 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. Analysts expect that Mavenir Systems will post $-0.15 EPS for the current fiscal year.
Mavenir Systems, Inc, (NASDAQ:MVNR) is a provider of software-based telecommunications networking solutions.
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