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MRVC $9.98

MRVC target price
9.97
0
0
MRV Communications Inc.
Type
Public
Industry Telecommunications
Founded 1988
Headquarters Chatsworth, California, U.S.
Products Packet and Optical products
Revenue [1]
Website [2]

MRV Communications OTCQB:MRVC is a communications equipment and services company based in Chatsworth, California. The company, through its business units, is a provider of optical communications network infrastructure equipment and services to a broad range of telecom concerns, including multinational telecommunications operators, local municipalities, MSOs, corporate and consumer high speed G-Internet service providers, and data storage and cloud computing providers.

MRV was founded in 1988 by Prof. Shlomo Margalit and Dr. Zeev Rav-Noy as a maker of Metro and Access optoelectronic components. MRV’s Metro and Access transceivers enable network equipment to be deployed across large campuses or in municipal and regional networks. To expand leadership, MRV established LuminentOIC, an independent subsidiary. LuminentOIC makes fiber-to-the-premises (FTTP) components, activity that was initiated by Rob-Goldman that founded the FTTx business unit in Luminant at 2001.

In the 1990s, MRV produced Ethernet switching and Optical Transport for Metro and campus environments. MRV began building switches and routers used by carriers implementing Metro Ethernet networks that provide Ethernet services to enterprise customers and multi-dwelling residential buildings.

Significant Milestones – Acquisitions, Product Development:

Acquisitions created networking company with a focus on technology for the Token Ring LAN, IBM Connectivity and Multi-Platform Network Management for the IBM NetView and HP OpenView platforms Following the acquisitions, the Company consolidated these operations in Israel with its networking operations in the U.S.

Enhanced the development of Fast Ethernet and Gigabit Ethernet functions through the acquisitions of the Fibronics GigaHub family of products – Served as foundation of OptiSwitch series and other modular optical products Added valuable product development capability, expanded range of networking products and added new marketing and distribution channels and sales in the United States, Israel and Europe


MRV has been awarded numerous industry accolades for its innovative WDM Optical Networking and Carrier Ethernet product lines in recent years from the industry’s top governing bodies and leading research publications and alliances such as MEF, SUPERCOMM, NXTcomm, Frost & Sullivan and others.


Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

9105-02-26
6543-03-09
2016-03-14 Lower Price Target Northland Securities Outperform $20.00 to $15.00
2015-08-18 Initiated Coverage Northland Securities Outperform $20.00
1975-02-14
1970-01-01
9105-02-26
6543-03-09
2016-03-14 Lower Price Target Northland Securities Outperform $20.00 to $15.00
2015-08-18 Initiated Coverage Northland Securities Outperform $20.00
1975-02-14

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Gillman Charles M 54.35%  (4003326) DRAD / DWCH / HSON / INFU / MRVC / PMFG /
Shubin Stein Kenneth H 6.26%  (460705) MRVC / PMFG /
HERMAN JOAN E 0.78%  (57493) CVG / HLS / MRVC /
Tartavull Philippe 0.63%  (46293) CNSI / MRVC /
McConnell Michael J 0.61%  (45000) CLCT / GUID / LOV / MRVC / SPSC / VITC /
KEANE MICHAEL E 0.53%  (39196) MRVC /
SHIDLOVSKY IGAL 0.49%  (36232) MRVC /
GORSUN BARRY R President, Optical Com Systems 0.49%  (36232) MRVC /
Tongue Glenn H 0.36%  (26720) JMP / MRVC /
Stehlin David President, MRV OCS 0.25%  (18105) MRVC /
MILLER LLOYD I III 0.15%  (11250) ATGN / BEBE / CAPS / CCUR / CNTY / COSI / EPAX / IDSY / IMI / ITI / LOV / LTRE / MRVC / ONVI / PRSS / QBAK / SLTC / STMP / TWMC / USU /
Garcia Stephen A. Chief Financial Officer 0.13%  (9521) MRVC /
Stecker Matthew 0.10%  (7589) EVOL / MRVC /
Barnett Paula Winner Chief Legal Officer 0.03%  (2031) MRVC / SUP /
Painter Jennifer Hankes VP, General Counsel 0.01%  (1033) ASGN / MRVC /
ADVA NA Holdings, Inc. 0.01%  (1000) MRVC /