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Mavenir Systems (NASDAQ:MVNR)‘s stock had its “overweight” rating restated by stock analysts at Morgan Stanley in a report issued on Friday. They currently have a $14.00 target price on the stock, down from their previous target price of $20.00. Morgan Stanley’s price target suggests a potential upside of 20.27% from the company’s current price.

The analysts wrote, “The migration of services to 4G LTE over the next several years drives a growing mix of high margin software revenue. Lumpy carrier spending patterns and timing uncertainty for VoLTE and RCS deployments create quarterly volatility, but the l-t opportunity remains on track and begins to accelerate in 2015. MVNR trades towards the upper end of the peer group range as the growing software mix increases the company’s growth and margin profile.”

A number of other firms have also recently commented on MVNR. Analysts at Imperial Capital initiated coverage on shares of Mavenir Systems in a research note on Thursday, August 28th. 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. Five investment analysts have rated the stock with a buy rating, Mavenir Systems has an average rating of “Buy” and an average price target of $16.86.

Shares of Mavenir Systems (NASDAQ:MVNR) traded up 1.12% on Friday, hitting $11.77. 82,469 shares of the company’s stock traded hands. Mavenir Systems has a 1-year low of $8.50 and a 1-year high of $18.78. The stock has a 50-day moving average of $11.68 and a 200-day moving average of $14.27. The company’s market cap is $290.6 million.

Mavenir Systems (NASDAQ:MVNR) last released its earnings data on Monday, July 28th. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ 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. Mavenir Systems’s revenue was up 29.1% compared to the same quarter last year. Analysts expect that Mavenir Systems will post $-0.16 EPS for the current fiscal year.

Mavenir Systems, Inc, (NASDAQ:MVNR) is a provider of software-based telecommunications networking solutions.

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