Adva Optical Netwo (NASDAQ:ADVOF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors 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. “

Shares of Adva Optical Netwo (NASDAQ ADVOF) remained flat at $5.56 during midday trading on Friday. Adva Optical Netwo has a 52-week low of $5.56 and a 52-week high of $11.85. The stock has a market cap of $276.09 million and a P/E ratio of 8.63. The stock’s 50-day moving average price is $7.90 and its 200 day moving average price is $10.14.

Adva Optical Netwo (NASDAQ:ADVOF) last released its quarterly earnings data on Thursday, July 20th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.20 by $0.10. The company had revenue of $158.48 million during the quarter, compared to the consensus estimate of $164.13 million. Equities analysts forecast that Adva Optical Netwo will post $0.34 earnings per share for the current fiscal year.

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