Mavenir Systems Receives Average Rating of “Buy” from Analysts (NASDAQ:MVNR)
Mavenir Systems (NASDAQ:MVNR) has received an average recommendation of “Buy” from the seven analysts that are covering the company, Analyst Ratings News reports. Five equities research analysts have rated the stock with a buy recommendation, The average 1-year target price among brokers that have issued ratings on the stock in the last year is $16.71.
Mavenir Systems (NASDAQ:MVNR) traded down 0.06% on Thursday, hitting $11.7228. 36,423 shares of the company’s stock traded hands. 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 $12.15 and a 200-day moving average of $14.35. The company’s market cap is $289.4 million.
Mavenir Systems (NASDAQ:MVNR) last released its 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.
A number of analysts have recently weighed in on MVNR shares. Analysts at Imperial Capital initiated coverage on shares of Mavenir Systems in a research note on Thursday. They set an “outperform” rating and a $15.00 price target on the stock. Separately, 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. Finally, 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.
Mavenir Systems, Inc, (NASDAQ:MVNR) is a provider of software-based telecommunications networking solutions.
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