Imperial Capital Starts Mavenir Systems (MVNR) at Outperform

Imperial Capital initiates coverage on Mavenir Systems (NYSE: MVNR) with a Outperform rating and a price target of $15.00.

Analyst Ashok Kumar states, "The company is an established supplier of software based solutions that enable wireless service providers to deliver next-generation services such as Voice over LTE (VoLTE). According to IDC, U.S. LTE subscribers are forecast to grow from 90mn in 2013 (30% of total subscribers in the U.S.) to 260mn by 2018 (80% of total subscribers in the U.S.), a CAGR of 24%. We believe Mavenir is well positioned to monetize the growing opportunity for 4G LTE next-generation mobile communication solutions. The company’s customer list includes 12 of the top 20 wireless service providers including AT&T, Deutsche Telecom, T-Mobile, and Vodafone."

For an analyst ratings summary and ratings history on Mavenir Systems click here. For more ratings news on Mavenir Systems click here.

Shares of Mavenir Systems closed at $11.73 yesterday.

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