Last $14.17 USD
Change Today +0.12 / 0.85%
Volume 20.7K
MRVC On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 5:20 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

mrv communications inc (MRVC) Snapshot

Open
$14.10
Previous Close
$14.05
Day High
$14.20
Day Low
$14.10
52 Week High
03/19/14 - $16.60
52 Week Low
08/13/13 - $9.08
Market Cap
104.1M
Average Volume 10 Days
12.2K
EPS TTM
$-0.86
Shares Outstanding
7.3M
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 optical communications network infrastructure equipment and services to multinational telecommunications operators, local municipalities, cable multiple system operators, corporate and consumer high speed Internet service providers, content delivery network operators, and data storage and cloud computing providers worldwide. It operates in two segments, Network Equipment and Network Integration. The Network Equipment segment offers optical communications network infrastructure equipment and services that enable access, transport, aggregation, 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 provides fiber optic modules for the fiber-optic communication industry; integrated access solutions to the fiber optic and Ethernet markets and aggregation devices; optical transport solutions; and infrastructure management solutions. 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.

420 Employees
Last Reported Date: 03/17/14
Founded in 1988

mrv communications inc (MRVC) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $357.8K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $265.0K
Compensation as of Fiscal Year 2013.

mrv communications inc (MRVC) Key Developments

MRV Communications, Inc. Appoints Jeannie H. Diefenderfer to its Board Effective July 24, 2014

MRV Communications announced its board of directors appointed Jeannie H. Diefenderfer to the board effective July 24, 2014, increasing the membership to six directors. Ms. Diefenderfer is a globally respected telecommunications executive and expert in communications networks. Ms. Diefenderfer is a member of the Accenture Network Advisory Council and is a Trustee of Tufts University. Recently, she served as the Vice Chair of the board of the Ms. Foundation for Women. From 2001 to 2008, Ms. Diefenderfer was a member of the board of Independent Trustees at Citizens Funds, an SRI mutual fund complex, based in Portsmouth, NH. Internal to Verizon, she has served on the boards of several Employee Resource Groups.

MRV Communications, Inc. Unveils Metro Service Edge Platform to Accelerate Packet Optical Convergence

MRV Communications, Inc. announced the launch of the OptiPacket (OP-X) metro service edge platform. The new OP-X series of products combines the field-proven technology and expertise of MRV's optical and packet product families into an all-in-one, highly flexible, intelligent architecture. By optimizing the platform for packet, optical and converged packet-optical networks, MRV is enabling service providers to seamlessly deliver multilayer services over the same metro service edge. This, along with the solution's bandwidth capacity, port density and power efficiency, makes it easier for service providers to manage unpredictable bandwidth demands and develop a strong foundation for software-defined networking (SDN), network functions virtualization (NFV) and other future software-driven services. Capitalizing on the latest innovations in packet and optical technologies, the new OptiPacket(TM) platform offers outstanding efficiency and intelligence to support ultra-high bandwidth 10Gbps and 100Gbps high-density interfaces. Service providers are able to deploy the OP-X platform as a packet-only solution in high-capacity mega points of presence (POPs) for broadband aggregation applications, or utilize it as an Optical Transport Network (OTN) solution for the transport and management of multiprotocol telecom networks. The flexibility of the OptiPacket(TM) platform is fully maximized when used as a converged packet-optical solution, as features from multiple layers can be combined according to a service provider's network demands. The platform also offers the following unique features: Tremendous capacity, Density and Power Efficiency: Large scale 3.2Tbps universal switch fabric for packet and OTN services in 8RU, while only generating 0.8nW per bit. Innovative Software Design: Enables a distributed x86-based architecture to allow all control plane functions to be moved to a virtual network controller in order to better support SDN/NFV and other software-based services. Flexible Packet Interface Cards: Support for Ethernet, MPLS, IP and more allows service providers to offer a variety of Layer 1, Layer 2 and Layer 3 converged services on a unified platform. End-to-end Optical/Ethernet/MPLS Solution: Highly integrated with the MRV OptiSwitch(TM) Carrier Ethernet 2.0 access solutions and Pro-Vision(R) comprehensive service delivery software to enable end-to-end multilayer provisioning and Operation, Administration and Maintenance (OAM).

MRV Communications, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

MRV Communications, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported that total revenues were $42,318,000 compared to $38,905,000 a year ago. Operating loss was $3,849,000, which included $1.2 million in the aforementioned warrant revaluation, sales realignment, and consulting costs compared to $4,013,000 a year ago. Loss before taxes was $3,966,000 compared to $4,128,000 a year ago. Net loss was $4,217,000 or $0.58 per basic and diluted share compared to $4,434,000 or $0.59 per basic and diluted share a year ago. Cash to fund capital expenditures was $400,000.

 

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Price/Book 1.7x
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TEV/Sales 0.4x
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