Light Reading

MRV Bounces Back

Ray Le Maistre
3/20/2014
100%
0%

Optical equipment vendor MRV celebrated a corporate milestone Wednesday, regaining its status as a listed company on the Nasdaq in the wake of improving quarterly and full-year financials.

Almost five years since the trading of its stock was suspended from Nasdaq, after the vendor failed to file quarterly and annual reports and was forced to restate some of its financials, MRV Communications Inc. (Nasdaq: MRVC) has rejoined the global Nasdaq exchange. "We are very proud of the significant progress we have made in strengthening corporate governance, resolving legacy issues, improving operating efficiencies, and repositioning MRV for growth and profitability in the global communications market," noted the vendor's CEO David Stehlin earlier this week.

MRV ended its first day back on Nasdaq with a 0.7% gain, closing the day's trading at $15.00. The return to full trading status followed only days after the vendor reported a 10% year-on-year increase in fourth quarter and full year revenues to $50.7 million and $166.2 million, respectively. MRV managed a small operating profit in the fourth quarter, but reported an operating loss of $4.4 million for the full year, though that was an improvement on the $9.8 million operating loss reported for 2012. (See MRV Reports Fourth Quarter, Full Year Results.)

With its Nasdaq status revived and its financials heading in the right direction, MRV is now focusing on market growth. It has recently launched new metro transport products, unveiled an HTML5 version of its network management software, engaged with the NFV community, and revealed plans to launch a new packet-optical platform later in 2014. (See MRV Looking to Regain Momentum.) To help drive that growth, MRV has appointed former Overture Networks Inc. sales chief Scott St. John as its new SVP of global sales and service.

One area of upcoming growth is the 100G metro transport market, which is already showing signs of life, according to Scott Wilkinson, senior director of technical marketing at MRV. Speaking to Light Reading at the recent OFC 2014 industry event in San Francisco, Wilkinson noted that the 100G metro market was already starting to pick up. Alternative network operators, such as the competitive carriers and infrastructure-owning OTT players, are already deploying the higher-capacity systems, often for inter-data center connectivity. The major telcos are expected to start adding 100G systems to their metro networks in 2015 and beyond, he added. "They're waiting for the single wavelength systems."

That analysis chimes with the views of Heavy Reading senior analyst Sterling Perrin, who notes in his recent report, The Rise of 100G & Terabit Transport Networks, that the market for 100G metro systems is set to grow from about $400 million this year to more than $2.1 billion in 2018.

— Ray Le Maistre, Editor-in-Chief, Light Reading Circle me on Google+ Follow me on TwitterVisit my LinkedIn profile

(4)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Ray@LR
50%
50%
Ray@LR,
User Rank: Blogger
3/21/2014 | 2:07:17 PM
Re: 100G metro
For sure - MRV is just one player in a highly-competitive market that includes all the big hitters. 2014 and 2015 will show us which vendors can find a differentiating factor and punch at or above their weight.
Rush21120
100%
0%
Rush21120,
User Rank: Light Sabre
3/21/2014 | 10:42:34 AM
MRV
I see no reason why MRV shouldn't be listed.  Hopefully they have corrected the issues and have good resources with Dave and Scott - full disclosure - both I have worked with and for before and wish them all the best.

As for products well thats another story.  MRV, like most companies have challenging product portfolios and will continue to evolve.   
IritG
100%
0%
IritG,
User Rank: Moderator
3/20/2014 | 12:42:30 PM
Nice to see some comebacks
as oppose to mergers and companies that dissapear 
DOShea
50%
50%
DOShea,
User Rank: Blogger
3/20/2014 | 11:08:07 AM
100G metro
MRV does seem to be finding some momentum at the right time, but theis 100G metro market is not going to be handed to them. If the market boom is imminent, then the market battle is, too, and MRV still may have to fight to be noticed by some operators.
Flash Poll
From The Founder
Anshul Sadana answers questions from Steve Saunders, Light Reading's founder and CEO, about Arista's CloudVision, a global cloud network controller for workload orchestration and workflow automation delivering a turnkey solution for cloud networking.
Live Streaming Video
CLOUD / MANAGED SERVICES: Prepping Ethernet for the Cloud
Moderator: Ray LeMaistre Panelists: Jeremy Bye, Leonard Sheahan
LRTV Huawei Video Resource Center
Huawei ONS Product Demo

8|3|15   |   6:01   |   (0) comments


Huawei shows at Open Networking Summit 2015 in Santa Clara how its SDN and NFV solutions embrace openness.
LRTV Custom TV
End-User or Enterprise Benefits to the New IP

7|30|15   |   04:27   |   (1) comment


Andrew Coward discusses what the New IP means to end users or enterprise customers. He explains compelling reasons, including how every customer can get their own network, from the transformation to the New IP.
LRTV Custom TV
Network Visibility & the New IP

7|30|15   |   02:23   |   (0) comments


Mukund Srigopal provides an explanation of what network visibility is and how it is essential as service providers transition to the New IP. In addition, the importance of the network packet broker is discussed.
Between the CEOs
Video Exclusive With Basil Alwan, Alcatel-Lucent

7|24|15   |   26:44   |   (5) comments


Basil Alwan, President of IP Routing & Transport at Alcatel-Lucent, discusses virtualization, cultural challenges, the capex crunch and more with Light Reading founder and CEO Steve Saunders.
LRTV Custom TV
VDF: Enable the Financial With Mobile Money

7|20|15   |   06:53   |   (0) comments


Ian Ravenscroft discusses how operators can expand to occupy the entire digital services value chain through service innovation.
LRTV Custom TV
Telefónica on OSS Transformation

7|20|15   |   06:01   |   (0) comments


Jose Gonzales discusses the details of Telefónica's operation transformation program.
LRTV Custom TV
Judi Achmadi on Huawei's Cloud Storage Solution

7|20|15   |   03:33   |   (0) comments


Judi discusses the key business goals of TelekomSigma's public cloud service and how Huawei's solution helps them address challenges.
LRTV Custom TV
KPN Enlightening Digital Business & IT Transformation

7|20|15   |   06:19   |   (0) comments


Rob de Beer discusses the changes that operators need to make with service innovation now coming from the Internet world.
LRTV Custom TV
Stratus Telco-Grade Cloud Solutions & NFV

7|20|15   |   07:34   |   (0) comments


Ali Kafel from Stratus Technologies addresses high-availability concerns within the telco industry with a solution that enables telcos to provide high-availability and stateful fault-tolerance using a software-based approach.
LRTV Documentaries
The Six Million Dollar Business Man

7|20|15   |   01:52   |   (0) comments


Steve Saunders, publisher. A man barely alive after an acquisition malfunction imploded the company he founded. Gentlemen, we can rebuild Light Reading. Better, faster, stronger.
Between the CEOs
CEO Chat With Anukool Lakhina, Guavus

7|20|15   |   38:51   |   (1) comment


Guavus CEO Anukool Lakhina talks to Light Reading founder and CEO Steve Saunders about the role of operational analytics in the communications services and networking sectors, particularly in relation to IoT.
LRTV Custom TV
IBM's Flash Storage With Intel QuickAssist

7|20|15   |   03:18   |   (0) comments


Intel's Bev Crair and IBM's Eric Herzog discuss how IBM's V9000 Flash Storage System has helped customers around the world. Featuring real-time compression powered by Intel QuickAssist Technology, the V9000 is a next-gen flash storage solution.
Upcoming Live Events
September 16-17, 2015, The Westin Galleria Dallas, Dallas, TX
September 16, 2015, The Westin Galleria Dallas, Dallas, TX
September 16, 2015, The Westin Galleria Dallas, Dallas, TX
September 29-30, 2015, The Westin Grand Müchen, Munich, Germany
October 14-15, 2015, New Orleans Ernest N. Morial Convention Center, New Orleans, LA
November 5, 2015, Hilton Santa Clara, Santa Clara, CA
November 17, 2015, Santa Clara, California
December 1, 2015, The Westin Times Square, New York City
All Upcoming Live Events
Infographics
To keep up with consumers' increasing digital lifestyles, an IT system and operating model overhaul is required using a modern BSS, IES and analytics.
Hot Topics
FCC Plan Could Stymie Rural Broadband
Carol Wilson, Editor-at-large, 8/3/2015
Eurobites: Nokia Seals HERE Sale
Paul Rainford, Assistant Editor, Europe, 8/3/2015
Verizon Small Cells Ready to Rock in Chicago
Sarah Thomas, Editorial Operations Director, 7/31/2015
Like Us on Facebook
Twitter Feed
September 22, 2015
Media Begins With “Me”
Webinar Archive
BETWEEN THE CEOs - Executive Interviews
I was pleasantly surprised when Ericsson recently agreed to let me interview its CEO, Hans Vestberg. Traditionally, mega-companies like Ericsson (or Cisco) have kept ...
Basil Alwan, President of IP Routing & Transport at Alcatel-Lucent, discusses virtualization, cultural challenges, the capex crunch and more with Light Reading founder and CEO Steve Saunders.
Cats with Phones
Comes With Free Phone Stand Click Here
Who says cats don't have any skills?