MRVC: from stockwinners.com: "Here is the latest posting in the Rumor Mill:
MRV Communications (MRVC) designs and manufactures networking products that direct and move data around corporate networks. MRV's family of complete and stackable switches allows users to facilitate transitions
to newer, faster networks. The company also produces fiber-optic voice, data, and video transmission components, including laser diodes, light emitting diodes, and transmitters. MRV is exiting the LAN switching
business and, with its purchase of Taiwan-based Fiber Optic
Communications, is expanding its fiber-optics business. Clients include IBM, Intel, and Alcatel. We are hearing rumors of good news from the company. Recent fundamental and technical indicators have been positive. Please note that the firm will post earnings results on July 27, after
the bell. Analysts expect the firm to earn 3 cents per share. On a technical basis, the stock is trading near the bottom of a positive "trading channel", a "bullish" signal. Retail "money flow" bottomed out last week and during the past few sessions has been rebounding. The stock last traded at $67 3/8. On a fundamental basis, MRVC's price to
sales (14.7) and revenue growth (75.1%) compare favorably to the industry averages. Brokers recommend the stock with one "strong buy" and one "buy". In the past 52 weeks, shares have traded between $6 1/2 and $97 7/16. Should you decide to invest, consider a stop-loss of $60." |
