MRV Communications, Inc. (MRVC) Announces Quarterly Earnings Results
MRV Communications, Inc. (NASDAQ:MRVC) posted its quarterly earnings data on Wednesday. The technology company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.08, Bloomberg Earnings reports. The firm had revenue of $19.73 million for the quarter, compared to the consensus estimate of $22 million. MRV Communications had a negative net margin of 10.63% and a negative return on equity of 20.68%.
MRV Communications (NASDAQ MRVC) traded up 0.50% during mid-day trading on Thursday, reaching $10.00. The company’s stock had a trading volume of 9,840 shares. The stock’s market cap is $68.01 million. The firm’s 50 day moving average is $9.76 and its 200-day moving average is $9.22. MRV Communications has a one year low of $7.05 and a one year high of $13.09.
Several research firms have weighed in on MRVC. Northland Securities set a $14.00 price objective on MRV Communications and gave the company a “buy” rating in a research report on Tuesday, July 4th. Zacks Investment Research raised MRV Communications from a “sell” rating to a “hold” rating and set a $11.00 price objective on the stock in a research report on Wednesday, July 5th. Finally, ValuEngine raised MRV Communications from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd.
MRV Communications Company Profile
MRV Communications, Inc (MRV) is a supplier of communications solutions to telecommunications service providers, enterprises and governments throughout the world. The Company’s products enable customers to provide high-bandwidth data, and video services and mobile communications services. The Company operates through Network Equipment segment.
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