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.
TRADEMARK VIOLATION WARNING: This story was first posted by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://dakotafinancialnews.com/2018/04/13/adva-optical-networking-advof-stock-rating-lowered-by-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ADVA Optical Networking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADVA Optical Networking and related companies with MarketBeat.com's FREE daily email newsletter.