MRV Communications (MRVC) Misses Q3 EPS by 19c

November 4, 2016 7:15 AM EDT

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MRV Communications (NASDAQ: MRVC) reported Q3 EPS of ($0.31), $0.19 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $18.9 million versus the consensus estimate of $23 million.

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MRV Communications and Sandvine announced their collaboration to demonstrate a NFV-based virtual customer premise equipment (vCPE) solution that enables next generation application awareness at the service providers’ access network. Compared to the traditional approach, NFV-based application awareness provides substantial benefits such as reduced time-to-market for new services, decreased operational expenditures and an improved customer quality of experience (QoE).

This joint demonstration will be held within the live Proof of Concept (PoC) Showcase at the MEF16 global networking conference, taking place November 7-10, 2016 at the Hilton Baltimore Inner Harbor Hotel, Baltimore, Md. The MEF16 Showcase will feature leading-edge implementations of agile/dynamic, assured, and orchestrated Third Network services with Lifecycle Service Orchestration (LSO), SDN, NFV, and Carrier Ethernet 2.0 (CE 2.0) innovations.

MRV and Sandvine are addressing the needs of service providers and introducing a next generation, NFV approach to delivering application awareness to the access network. The solution combines MRV’s OptiSwitch OS-V Edge vCPE, a CE 2.0 programmable platform with integrated X86 compute powered by the OPNFV release, and Sandvine’s Network Policy Control Virtual Function (VNF), which enables Application-Aware Networking (AAN). The proposed solution is an implementation of a scalable, cost-efficient per-application SLA service at the access network.

“Leveraging the power of virtualization, Sandvine’s PoC with MRV will demonstrate how IT managers can dynamically apply powerful, end-to-end network policy controls that promote the management of network operational costs, without the need for additional hardware,” said Don Bowman, Chief Technology Officer for Sandvine.

“MRV strives to promote and develop advanced, next generation networking solutions to address today’s most complex network challenges confronting service providers,” stated Zeev Draer, Vice President of Strategic Marketing for MRV. “This joint proof of concept will highlight best-of-breed solutions that utilize virtualization to enhance visibility at Layer 7, service delivery and the overall user experience. Through innovative architecture design, MRV continues to shape the infrastructure of the future, and empowers our customers to access additional revenue streams all while reducing overall cost of ownership for network operations.”

For more information, please visit the Proof of Concept Showcase page on the MEF16 website: http://mef16.com/index.php/Venue/networking-hall-proof-of-concept.html.

To request a meeting with MRV at MEF16, email jsa_mrv@jaymiescotto.com, or visit the team on the exhibit floor at booth 205.

For earnings history and earnings-related data on MRV Communications (MRVC) click here.



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