Zacks Investment Research Lowers ADVA Optical Networking (OTCMKTS:ADVOF) to Hold

Zacks Investment Research downgraded shares of ADVA Optical Networking (OTCMKTS:ADVOF) from a strong-buy rating to a hold rating in a research report report published on Wednesday, Zacks.com reports.

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. “

OTCMKTS ADVOF opened at $14.83 on Wednesday. ADVA Optical Networking has a 12 month low of $7.20 and a 12 month high of $17.59. The stock has a market cap of $740.66 million, a price-to-earnings ratio of 14.68 and a beta of 1.60. The company’s 50 day moving average is $15.39 and its two-hundred day moving average is $13.52. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14.

ADVA Optical Networking (OTCMKTS:ADVOF) last released its earnings results on Thursday, July 22nd. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. ADVA Optical Networking had a net margin of 7.44% and a return on equity of 16.00%. The company had revenue of $179.94 million for the quarter, compared to analysts’ expectations of $180.00 million. Sell-side analysts forecast that ADVA Optical Networking will post 1.13 EPS for the current year.

ADVA Optical Networking Company Profile

ADVA Optical Networking SE engages in the development, manufacture, and sale of optical and Ethernet-based networking solutions to deliver data, storage, voice, and video services worldwide. It offers open optical transport solutions, such as FSP 3000 open terminals, FSP 3000 open line systems, pluggables and subsystems, and optical access solutions; packet edge and aggregation products, including carrier Ethernet and programmable multilayer edge, metro aggregation, and edge computing products; disaggregated networking, such as packet optical terminals and ensemble activators.

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