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.

ILLEGAL ACTIVITY WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/08/adva-optical-netwo-advof-rating-lowered-to-sell-at-zacks-investment-research.html.

Receive News & Stock Ratings for Adva Optical Netwo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adva Optical Netwo and related stocks with our FREE daily email newsletter.