Can Mavenir Systems (MVNR) Continue to Surge? - Tale of the Tape

By Zacks Equity Research,

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One company that should be on your radar is Mavenir Systems, Inc. ( MVNR ). The stock of this communication equipment company has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For MVNR's full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate for loss to narrow, going from a loss of 33 cents a share a month ago to its current level of a loss of 28 cents.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, MVNR has seen some pretty solid trading lately, as the company has moved higher by 38.3 % in the past month.

If MVNR can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put MVNR on your watch list for the future.

Other top-ranked stocks worth considering in this space include ADTRAN Inc. ( ADTN ), Ametek Inc. ( AME ) and Ansys, Inc. ( ANSS ). All these stocks carry a Zacks Rank #2 (Buy).

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ADTRAN INC (ADTN): Free Stock Analysis Report

AMETEK INC (AME): Free Stock Analysis Report

ANSYS INC (ANSS): Free Stock Analysis Report

MAVENIR SYSTEMS (MVNR): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: ADTN , AME , ANSS , MVNR

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