Zacks Investment Research upgraded shares of Adva Optical Netwo (NASDAQ:ADVOF) from a hold rating to a buy rating in a research note released on Tuesday. Zacks Investment Research currently has $9.75 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. “

Shares of Adva Optical Netwo (NASDAQ ADVOF) traded up 1.33% during mid-day trading on Tuesday, reaching $7.60. 1,343 shares of the company’s stock were exchanged. The firm has a market cap of $377.39 million and a P/E ratio of 11.88. Adva Optical Netwo has a 52-week low of $7.39 and a 52-week high of $11.85. The company has a 50 day moving average price of $10.21 and a 200 day moving average price of $10.34.

Adva Optical Netwo (NASDAQ:ADVOF) last posted its earnings results on Thursday, July 20th. The company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.10. The company had revenue of $158.48 million for the quarter, compared to analyst estimates of $164.13 million. Analysts forecast that Adva Optical Netwo will post $0.47 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Adva Optical Netwo (ADVOF) Upgraded to “Buy” by Zacks Investment Research” was published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at

Get a free copy of the Zacks research report on Adva Optical Netwo (ADVOF)

For more information about research offerings from Zacks Investment Research, visit

Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.