ADVA Optical Networking (ADVOF) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of ADVA Optical Networking (OTCMKTS:ADVOF) from a buy rating to a hold rating in a research report report published on Friday morning.

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. “

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ADVA Optical Networking stock opened at $6.80 on Friday. ADVA Optical Networking has a 52 week low of $5.56 and a 52 week high of $11.85. The stock has a market cap of $315.82, a P/E ratio of 85.00 and a beta of 2.43.

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