MRV affirms it will meet raised Q4 revenue guidance

Its announcement is expected to lift its stock, as a similar revelation did in the third quarter
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Network infrastructure and optical components company MRV Communications (Nasdaq:MRVC) announced that it expects to meet its guidance for the fourth quarter.

It said it expects to post revenue of $54 million to $58 million revenue, compared with $51 million in the third quarter.

After consolidation with Luminent (Nasdaq:LMNE), MRV is expected to post $71 million to $77 million revenue for the fourth quarter, compared with $69.7 million revenue in the third quarter.

Luminent merged with MRV in September after going public in November 2000.

Based on past experience, MRV's announcement can be expected to boost its shares. In October, ahead of the third quarter, MRV affirmed its revenue forecasts, sending its stock up 25%. Since then, its shares have gained a total of 46%.