Mavenir Systems Given Consensus Recommendation of “Buy” by Brokerages (NASDAQ:MVNR)
Shares of Mavenir Systems (NASDAQ:MVNR) have been given an average recommendation of “Buy” by the seven analysts that are presently covering the company, American Banking and Market News reports. Five equities research analysts have rated the stock with a buy rating, The average 12-month price target among brokerages that have covered the stock in the last year is $16.71.
A number of research firms have recently commented on MVNR. 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.
Shares of Mavenir Systems (NASDAQ:MVNR) opened at 11.24 on Thursday. 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 $11.97 and its 200-day moving average is $14.32. The company’s market cap is $277.5 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. On average, analysts predict that Mavenir Systems will post $-0.15 earnings per share for the current fiscal year.
Mavenir Systems, Inc, (NASDAQ:MVNR) is a provider of software-based telecommunications networking solutions.
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