Adva Optical Netwo (NASDAQ:ADVOF) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research note issued to 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) traded down 1.82% on Friday, hitting $6.48. 140 shares of the company traded hands. The firm’s 50 day moving average price is $7.36 and its 200-day moving average price is $10.05. The stock has a market capitalization of $321.78 million and a price-to-earnings ratio of 10.06. Adva Optical Netwo has a 1-year low of $5.56 and a 1-year high of $11.85.

Adva Optical Netwo (NASDAQ:ADVOF) last released its earnings results on Thursday, July 20th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by $0.10. The business had revenue of $158.48 million during the quarter, compared to analyst estimates of $164.13 million. On average, equities research analysts expect that Adva Optical Netwo will post $0.27 earnings per share for the current year.

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