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Last $20.38 USD
Change Today +0.73 / 3.72%
Volume 29.2K
As of 5:20 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

mrv communications inc (MRVC) Snapshot

Open
$19.64
Previous Close
$19.65
Day High
$20.47
Day Low
$19.62
52 Week High
08/19/15 - $21.50
52 Week Low
03/27/15 - $6.38
Market Cap
141.8M
Average Volume 10 Days
63.4K
EPS TTM
$-0.89
Shares Outstanding
7.0M
EX-Date
12/12/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MRV COMMUNICATIONS INC (MRVC)

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mrv communications inc (MRVC) Details

MRV Communications, Inc. provides communications solutions to telecommunications service providers, enterprises, and governments worldwide. It operates in two segments, Network Equipment and Network Integration. The Network Equipment segment offers packet and optical solutions that enable access, aggregation, transport, and management of various communications traffic for fixed line, cable, content delivery, cloud-based, and mobile communications networks leveraging direct and channel sales through third party channel partners. This segment also develops optical edge solutions that combine packet and optical technologies, and network management software; infrastructure management solutions; and fiber optic modules for the fiber-optic communication industry. The Network Integration segment offers end-to-end solutions, including consulting, installation, and support and managed services for fixed line, cable, and mobile communications networks; and supplies a range of communications equipment, as well as provides telecommunications solutions consisting of network infrastructure, unified communications, mobility and wireless, network security, cloud computing services, managed call center services, network integration, and optimization serving the Italian market. MRV Communications, Inc. markets and sells its products through direct sales force, manufacturers' representatives, value-added-resellers, distributors, and systems integrators. The company was formerly known as MRV Technologies, Inc. and changed its name to MRV Communications, Inc. in April 1992. MRV Communications, Inc. was founded in 1988 and is headquartered in Chatsworth, California.

445 Employees
Last Reported Date: 03/16/15
Founded in 1988

mrv communications inc (MRVC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $131.2K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $124.2K
Compensation as of Fiscal Year 2014.

mrv communications inc (MRVC) Key Developments

MRV Communications, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

MRV Communications, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced total revenue of USD 42,714,000 compared to USD 43,124,000 for the same period a year ago. Operating income was USD 803,000 compared to operating loss of USD 1,126,000 for the same period a year ago. Income before provision for income taxes was USD 472,000 compared to loss before provision for income taxes of USD 1,586,000 for the same period a year ago. Net loss was USD 280,000 compared to USD 2,267,000 for the same period a year ago. Net loss per share, basic and diluted was USD 0.04 compared to USD 0.31 for the same period a year ago. Non-GAAP adjusted operating income was USD 1,289,000 compared to non-GAAP adjusted operating loss of USD 409,000 for the same period a year ago. Non-GAAP adjusted net income was USD 188,000 compared to non-GAAP adjusted net loss of USD 1,621,000 for the same period a year ago. Non-GAAP earnings per share - basic and diluted was USD 0.03 compared to non-GAAP loss per share- basic and diluted of USD 0.22 for the same period a year ago. In constant currency, second quarter 2015 revenues would have been USD 4.4 million or 10% higher than the year-ago quarter with the unfavorable currency exchange primarily occurring within the Network Integration segment. For the six months, the company announced total revenue of USD 81,487,000 compared to USD 85,442,000 for the same period a year ago. Operating loss was USD 8,000 compared to USD 4,975,000 for the same period a year ago. Loss before provision for income taxes was USD 408,000 compared to USD 5,552,000 for the same period a year ago. Net loss was USD 1,348,000 compared to USD 6,484,000 for the same period a year ago. Net loss per share, basic and diluted was USD 0.19 compared to USD 0.89 for the same period a year ago. Non-GAAP adjusted operating income was USD 1,214,000 compared to non-GAAP adjusted operating loss of USD 3,444,000 for the same period a year ago. Non-GAAP adjusted net loss was USD 318,000 compared to USD 5,024,000 for the same period a year ago. Non-GAAP loss per share - basic and diluted was USD 0.05 compared to USD 0.69 for the same period a year ago. Total revenue would have been USD 8 million or 10% higher for the six months ended June 30, 2015 in constant currency. Operating cash flows were positive for the half at USD 1.8 million, improving by nearly USD 8 million year-on-year. The overall decrease in cash during the first half of the year was driven primarily by the use of USD 5.4 million to retire short-term debt and USD 4.5 million to repurchase approximately 468,000 shares as part of its share buyback program.

MRV Communications, Inc., Q2 2015 Earnings Call, Aug 10, 2015

MRV Communications, Inc., Q2 2015 Earnings Call, Aug 10, 2015

Centracom Selects MRV Communications, Inc. for 100G Packet and Optical Network Offerings

MRV Communications, Inc. announced that CentraCom is leveraging MRV's portfolio of packet and optical platforms, alongside its service orchestration software, to ensure reliability and performance as it expands its network and service portfolio. The Utah-based service provider owns and operates a growing fiber-optic network serving both metropolitan access network and rural customer needs. The MRV solution is empowering CentraCom to build a 100G core and transform its network's resiliency, flexibility and intelligence to ensure consistent, high-quality service delivery to more business and residential customers.

 

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Industry Analysis

MRVC

Industry Average

Valuation MRVC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 3.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.7x
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