Adva Optical Netwo (ADVOF) Lowered to Sell at Zacks Investment Research
Adva Optical Netwo (NASDAQ:ADVOF) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” 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 Netwo (NASDAQ:ADVOF) traded down 1.82% during midday trading on Friday, hitting $6.48. The company had a trading volume of 140 shares. The stock has a 50 day moving average price of $7.36 and a 200 day moving average price of $10.05. Adva Optical Netwo has a 52 week low of $5.56 and a 52 week high of $11.85. The company has a market capitalization of $321.78 million and a P/E ratio of 10.06.
Adva Optical Netwo (NASDAQ:ADVOF) last issued its quarterly earnings results on Thursday, July 20th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.10. The firm had revenue of $158.48 million during the quarter, compared to analysts’ expectations of $164.13 million. Equities analysts forecast that Adva Optical Netwo will post $0.27 earnings per share for the current fiscal year.
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