Zacks Investment Research upgraded shares of ADVA Optical Networking (OTCMKTS:ADVOF) from a hold rating to a buy rating in a research note published on Monday. Zacks Investment Research currently has $7.50 price objective on the stock.

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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Shares of ADVA Optical Networking stock opened at $6.80 on Monday. The firm has a market capitalization of $338.20, a PE ratio of 32.38 and a beta of 2.41. ADVA Optical Networking has a 1 year low of $5.56 and a 1 year high of $11.85.

ADVA Optical Networking (OTCMKTS:ADVOF) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. The business had revenue of $138.07 million for the quarter, compared to the consensus estimate of $145.73 million. ADVA Optical Networking had a negative net margin of 1.04% and a positive return on equity of 3.87%. research analysts expect that ADVA Optical Networking will post 0.55 EPS for the current year.

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ADVA Optical Networking Company Profile

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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