MRV Communications (MRVC) earnings update.
MRVC announced Q3 2014 (September 30, 2014) earnings after the close last night. Revenues were $43.2 million, up 12% from from $38.4 million last year. They lost $1.04 million versus a $.146 million loss last year. Cash per share rose to $2.63 from $2.20 last quarter. Our valuation was $25.52 up from $24.58 last quarter. MRVC is trading at 47% of our valuation. Shares closed at $11.93 on 11/5. This is still a BUY.