NEW YORK (TheStreet) -- Shares of Comverse Inc (CNSI) closed Friday's regular trading session up 1.27% to $24.01, ahead of the company's first quarter earnings report, scheduled to be released before the market opens on Monday, June 15.
For the first quarter, Comverse is expected to post a loss of 18 cents per share on revenue of $108 million, according to analysts polled by Thomson Reuters.
In the same quarter of last year, the company posted a loss of 72 cents per share on revenue of $119 million.
Wakefield, Mass.-based Comverse is a global provider of cloud-based and in-network services enablement and monetization software solutions for communication service providers and enterprises.
The company offers a suite of software solutions designed to support users' connected lifestyles, and operates through the business support systems and digital services segments.
Separately, TheStreet Ratings team rates COMVERSE INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate COMVERSE INC (CNSI) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."