Friday, April 10, 2015

Mavenir to Miss Expectations, Citing VoLTE Delays

Citing delayed VoLTE projects, Mavenir Systems said it now expects first quarter revenues to be in the range of $27.0 million to $28.5 million, below previously announced guidance range of $39.0 million to $41.0 million. Non-GAAP EPS is expected to be in the range of $(0.47) to $(0.41). Non-GAAP operating loss is expected to be between ($12.5) million and ($10.5) million, also below the previously announced guidance of a non-GAAP loss in the range...