Adva Optical Netwo (NASDAQ:ADVOF) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Adva Optical Netwo (NASDAQ:ADVOF) from a sell rating to a hold rating in a report published on Monday, July 3rd.

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 Netwo (NASDAQ:ADVOF) traded up 1.33% during midday trading on Monday, reaching $7.60. The company’s stock had a trading volume of 1,343 shares. Adva Optical Netwo has a 1-year low of $7.39 and a 1-year high of $11.85. The company’s 50-day moving average price is $10.21 and its 200-day moving average price is $10.34. The company has a market capitalization of $377.40 million and a price-to-earnings ratio of 11.88.

Adva Optical Netwo (NASDAQ:ADVOF) last released its quarterly earnings data on Thursday, July 20th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by $0.10. The company had revenue of $158.48 million for the quarter, compared to analyst estimates of $164.13 million. On average, analysts predict that Adva Optical Netwo will post $0.47 earnings per share for the current fiscal year.

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