& cplSiteName &

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.
From The Founder
Cisco's Conrad Clemson, recently promoted to head up the company's Service Provider Apps & Platforms developments, talks to Light Reading's Founder and CEO Steve Saunders about how he's bringing cloud video, mobile and virtualization together to empower network operators.
Flash Poll
Live Streaming Video
Charting the CSP's Future
Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
LRTV Interviews
Heavy Reading: The Web-Scale View

1|18|17   |     |   (0) comments


At Light Reading's 2020 Vision Executive Summit in Rome, Heavy Reading's former chief analyst Patrick Donegan shared insight from the recent web-scale operators report, which featured research on how web-scale operators view the market, the best web-scale companies to ...
LRTV Custom TV
Cisco's Cloud Scale Networking: Automation, Virtualization & Simplification

1|18|17   |     |   (0) comments


Cisco's Sanjeev Mervana outlines the latest innovations in networking technology at CES 2017 in Las Vegas.
LRTV Custom TV
ADVA Talks Innovation & the Future of Networking

1|17|17   |     |   (0) comments


Ray Le Maistre and Christoph Glingener, CTO of ADVA Optical Networking, discuss the current state of the industry, cooperation and collaboration, open innovation and the future of networking.
LRTV Custom TV
Cisco's Infinite Video Platform

1|17|17   |     |   (0) comments


Cisco's Infinite Video Platform allows service providers to deliver broadcast-quality video over IP networks. Infinite video supports many devices, from 4K TVs to tablets to game consoles. Join Cisco's Rajeev Raman for a brief tour and live demo.
LRTV Interviews
Masergy: Ability to Adapt Key for NFV

1|16|17   |   6:40   |   (0) comments


Speaking at Light Reading's 2020 Vision in Rome, Masergy's VP, Global Technology, Ray Watson, said agility is key to providing the mix and match NFV-based services that are driving business for the managed service provider today.
LRTV Interviews
Equinix: The Data Explosion

1|13|17   |   4:16   |   (0) comments


At Light Reading's 2020 Vision in Rome, Eric Schwartz, president of EMEA, Equinix, talked about how Equinix is helping its customers manage the influx of data today, and how it's preparing for a future filled with millions of connected IoT devices.
LRTV Interviews
Heavy Reading: The Changing Data Center Landscape

1|12|17   |   6:05   |   (1) comment


At Light Reading's 2020 Vision event in Rome, Heavy Reading's Senior Analyst Roz Roseboro talks about how virtualization is impacting data center evolution and how that evolution is affecting the relationship between service providers, data center operators and public cloud providers.
LRTV Interviews
Boingo: Prepping for Millions of Devices

1|12|17   |   5:07   |   (2) comments


At Light Reading's 2020 Vision in Rome, Boingo's CTO Derek Peterson discusses how wireless operators will address the needs of low-bandwidth and high-bandwidth apps at the same time, the need for more MHz, the impact of IoT and more.
LRTV Interviews
Comcast Shows Off Gig Gateway at CES

1|11|17   |     |   (1) comment


With its largest presence at CES in years, Comcast took the wraps off its long-awaited gigabit gateway and a new platform for managing the home WiFi network. Light Reading Senior Editor Mari Silbey sat down with EVP Chris Satchell to discuss the latest Comcast advance, and met with VP of Product Strategy and Development Andrea Peiro to walk through a demo of the ...
LRTV Interviews
Colt: End-to-End Key for 2017

1|10|17   |   6:21   |   (0) comments


At Light Reading's 2020 Vision Executive Summit in Rome, Nico Fischbach of Colt said having a multi-carrier, end-to-end service proposition is going to be key for 2017 -- and SD-WAN is instrumental in making it happen.
From the Founder
Cisco's Clemson on Mobile Cloud Video

1|9|17   |     |   (2) comments


Cisco's Conrad Clemson, recently promoted to head up the company's Service Provider Apps & Platforms developments, talks to Light Reading's Founder and CEO Steve Saunders about how he's bringing cloud video, mobile and virtualization together to empower network operators. "If you think about where we're going… whether it's a mobile application, or a video ...
LRTV Custom TV
VMware Telco NFV Solutions – Preparing for 5G & IOT

1|9|17   |     |   (0) comments


Shekar Ayyar, EVP & Corporate Strategy/General Manager of Telco for VMware, discusses VMware's Telco NFV solutions role and foundation for the Imminent Arrival of 5G & IOT.
Upcoming Live Events
March 21-22, 2017, The Curtis Hotel, Denver, CO
May 15-17, 2017, Austin Convention Center, Austin, TX
All Upcoming Live Events
Infographics
Hot Topics
A Women in Comms Glossary
Sarah Thomas, Director, Women in Comms, 1/18/2017
Is Cable One Beefing Up for Slaughter?
Alan Breznick, Cable/Video Practice Leader, Light Reading, 1/20/2017
Nokia CTO: 2017 Is the Year 5G Gets in the Field
Dan Jones, Mobile Editor, 1/19/2017
TV's Paradox: No HDR Without 4K
Mari Silbey, Senior Editor, Cable/Video, 1/17/2017
Qualcomm Study Predicts 5G Will Create 22M Jobs by 2035
Dan Jones, Mobile Editor, 1/17/2017
Like Us on Facebook
Twitter Feed
BETWEEN THE CEOs - Executive Interviews
Light Reading founder and CEO Steve Saunders chats with Sportlogiq CEO Craig Buntin about sports data analysis.
Eyal Waldman, CEO of Mellanox Technologies, speaks to Steve Saunders, CEO of Light Reading, for an exclusive interview about the 100 GB cable challenge, cybersecurity and much more.
Animals with Phones
Live Digital Audio

Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.