Shares of Chatsworth-based MRV Communications Inc. zoomed 10% on Wednesday after an analyst on financial network CNBC said the fiber-optic equipment maker's businesses could fetch high values as individually traded companies.
MRV (ticker symbol: MRVC) surged $6.19 to a record $65.63 on Nasdaq. The stock has risen more than tenfold over the last year.
Rick Schottenfeld, general partner of Schottenfeld Associates, said MRV, a maker of routers, switches and other equipment that enhances the performance of telecommunications networks, is worth $200 to $400 a share if its businesses are looked at separately.
MRV's competitors, including Juniper Networks and Sycamore Networks, have seen their shares rocket as rising Internet use spurs demand for networking equipment.