Adva Optical Netwo (NASDAQ:ADVOF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday. The brokerage currently has a $8.25 price target on the stock. Zacks Investment Research‘s price target points to a potential upside of 21.15% from the company’s current price.

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. “

Shares of Adva Optical Netwo (ADVOF) remained flat at $6.81 during mid-day trading on Monday. The firm has a market cap of $338.16 million and a P/E ratio of 10.53. Adva Optical Netwo has a one year low of $6.81 and a one year high of $11.85. The company has a 50-day moving average price of $8.34 and a 200-day moving average price of $10.21.

Adva Optical Netwo (NASDAQ:ADVOF) last released its quarterly earnings data on Thursday, July 20th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.10. The firm had revenue of $158.48 million during the quarter, compared to the consensus estimate of $164.13 million. Analysts expect that Adva Optical Netwo will post $0.46 earnings per share for the current year.

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