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Morgan Stanley Sees Multiple Positive Factors For Mavenir Systems

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In a report published Thursday, Morgan Stanley analyst Scott Schmitz reiterated an Overweight rating and $20.00 price target on Mavenir Systems (NYSE: MVNR).

In the report, Morgan Stanley noted, “Three new tier 1 customers, a 3x Y/Y increase in voice and video revenue, and the addition of VoLTE capacity at Mavenir's US customers were key highlights in the quarter leading to a 6% revenue and $0.18 EPS beat. We remain Overweight with a $20 price target, which applies a 3.4x EV/Sales multiple to our FY15 estimate, the high-end of peer averages as the model shifts towards high margin software revenue.”

Mavenir Systems closed on Wednesday at $12.26.

Latest Ratings for MVNR

DateFirmActionFromTo
Dec 2014WunderlichInitiates Coverage onBuy
Sep 2014Pacific CrestInitiates Coverage onOutperform
Aug 2014Imperial CapitalInitiates Coverage onOutperform

View More Analyst Ratings for MVNR
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Scott SchmitzAnalyst Color Reiteration Analyst Ratings

 

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