ADVA Optical Networking (ADVOF) Stock Rating Lowered by Zacks Investment Research

ADVA Optical Networking (OTCMKTS:ADVOF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “ADVA Optical Networking SE develops, manufactures and sells optical and Ethernetbased networking solutions. It serves telecommunications service providers, private companies, universities and government agencies. ADVA Optical Networking SE is headquartered in Munich, Germany. “

ADVA Optical Networking stock traded up $0.45 during mid-day trading on Friday, hitting $6.80. The stock had a trading volume of 3,000 shares, compared to its average volume of 1,173. The company has a market capitalization of $315.82, a P/E ratio of 79.38 and a beta of 2.43. ADVA Optical Networking has a one year low of $5.56 and a one year high of $11.85.



ADVA Optical Networking (OTCMKTS:ADVOF) last issued its earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. The company had revenue of $138.07 million during the quarter, compared to the consensus estimate of $145.73 million. ADVA Optical Networking had a negative net margin of 1.04% and a positive return on equity of 3.87%. analysts anticipate that ADVA Optical Networking will post 0.55 earnings per share for the current fiscal year.

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About ADVA Optical Networking

ADVA Optical Networking SE develops, manufactures, and sells optical and Ethernet-based networking solutions to deliver data, storage, voice, and video services worldwide. It offers scalable optical transport solutions, such as FSP 3000 AgileConnect, FSP 3000 CloudConnect, and FSP 3000 AccessConnect; packet edge and aggregation products, including carrier Ethernet and programmable demarcation, edge aggregation, and edge computing products; and network virtualization products comprising ensemble connectors, controllers, and orchestrators.

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