Last $11.99 USD
Change Today -0.34 / -2.76%
Volume 97.0K
MVNR On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

mavenir systems inc (MVNR) Snapshot

Open
$12.47
Previous Close
$12.33
Day High
$12.54
Day Low
$11.93
52 Week High
03/24/14 - $18.78
52 Week Low
10/14/14 - $9.36
Market Cap
346.0M
Average Volume 10 Days
181.6K
EPS TTM
$-0.71
Shares Outstanding
28.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MAVENIR SYSTEMS INC (MVNR)

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mavenir systems inc (MVNR) Details

Mavenir Systems, Inc. provides software-based telecommunications networking solutions. Its solutions, which are based on its mOne Convergence platform that enables mobile service providers to deliver Internet protocol (IP)-based voice, video, rich communications, and enhanced messaging services through their 2G and 3G networks, and next-generation 4G LTE networks to their subscribers in the United States and internationally. The company offers various voice and video products, including telephony application servers that provide voice, video, and supplementary services through broadband IP networks; voice over LTE interworking function products, which enables voice and SMS services in next-generation LTE networks; media resource function, a media processing engine; mobility application servers; call session control function products that provide subscriber and session management services; equipment identity register that allows operators to control access to mobile networks, deterring device theft and fraud, and enables provisioning of optimized services; and unified access gateway, a multi-application solution to authenticate end-user access to the converged services network. It also provides enhanced messaging products comprising Rich Messaging Server, a flexible IP messaging application server; messaging routers and gateways; presence and resource list servers; and XML document management system, a database system that supports the management and storage of user-generated content. The company sells its products directly, as well as through channel partners and system integrators. Mavenir Systems, Inc. was founded in 2005 and is headquartered in Richardson, Texas.

786 Employees
Last Reported Date: 02/21/14
Founded in 2005

mavenir systems inc (MVNR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $380.0K
Chief Financial Officer
Total Annual Compensation: $270.0K
Executive Vice President of Global Sales and ...
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2013.

mavenir systems inc (MVNR) Key Developments

Mavenir Systems, Inc. Enters into Third Loan Modification Agreement with its Lender Silicon Valley Bank

On January 16, 2015, Mavenir Systems, Inc. and certain of its subsidiaries entered into a consent and third loan modification agreement with its lender Silicon Valley Bank. Pursuant to the Loan Modification Silicon Valley Bank consented to the acquisition provided Ulticom and such other subsidiaries of Utah Holding as Silicon Valley Bank may require join as a co-borrower under the company's credit facility with Silicon Valley Bank, the interest-only period of the company's loan and security agreement with Silicon Valley Bank was extended from April 1, 2015 to January 1, 2016 and the EBITDA covenant was amended to require the company to maintain a minimum two-quarter rolling EBITDA.

Mavenir Systems Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014; Provides Earnings Guidance for the First Quarter and Full Year 2015

Mavenir Systems provided earnings guidance for the fourth quarter and full year of 2014. The company's fourth quarter 2014 revenue is now expected to be between $33.5 million and $35.0 million, meeting the company’s prior guidance of $33.5 million to $35.0 million and representing a change of 1.8% to 2.6% over the three months ended September 30, 2014, and an increase of 23.6% to 29.1% over the three months ended December 31, 2013. The Company expects the non-GAAP gross profit margin rate to be between 55.5% and 58.0%, below the prior guidance of 58.5% to 62.5%. This resulted in the majority of the fourth quarter revenue coming from initial production deployment, or network build out phase, and did not reflect the capacity expansions expected, adversely impacting gross profit margins. Non-GAAP operating loss is expected to be between $5.4 million and $3.8 million, below guidance of $1.4 million and $0.3 million. The $4.0 million to $4.1 million shortfall in operating loss compared to guidance is made up of three elements. Preliminary fourth quarter non-GAAP operating loss excludes depreciation, amortization, stock-based compensation and acquisition expenses of approximately $3.7 million. For the full fiscal year ended December 31, 2014, the company expects revenue to be in the range of $129 million to $131 million, representing an increase of 27.9% to 29.4% over revenue for fiscal year 2013, and meeting guidance. The company expects to incur a non-GAAP operating loss of between $7.0 million and $4.3 million, below prior guidance of $2.7 million and $1.0 million. Non-GAAP gross margin is expected to be between 55.5% and 57.0%, below guidance of 57.0% and 58.0%. Preliminary full year 2014 non-GAAP gross profit margin excludes depreciation, amortization and stock-based compensation expense of approximately $1.6 million. Preliminary full year 2014 non-GAAP operating loss excludes depreciation, amortization, stock-based compensation expense and acquisition expenses of approximately $10.7 million. The company is providing preliminary guidance on the first quarter of 2015 and full year 2015 with respect to anticipated total revenue, non-GAAP gross margin, operating income and basic earnings per share. For the quarter, the company's revenue to range from $39.0 million to $43.0 million, Non-GAAP gross margin to range from 60.0% to 62.0% Non-GAAP operating loss to range from $4.0 million to $1.3 million, on-GAAP basic earnings per share to range from $0.17 to $0.08. For the full year 2015 provided non-GAAP gross margin to range from 62.0% to 65.0%. Non-GAAP operating income to range from $13.0 million to $16.0 million Non-GAAP basic earnings per share to range from $0.28 to $0.36 based on a forecasted, weighted-average.

Mavenir Systems, Inc., Ulticom, Inc. - M&A Call

To discuss the Mavenir Systems's definitive agreement to acquire Ulticom, Inc

 

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MVNR

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Valuation MVNR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.7x
Price/Book 4.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.2x
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