Separately, Deutsche Bank set a €5.20 ($6.19) target price on ADVA Optical Networking and gave the company a neutral rating in a research note on Wednesday, November 1st.
Shares of ADVA Optical Networking (ADV) traded up €0.45 ($0.54) on Thursday, hitting €7.32 ($8.71). 1,089,277 shares of the stock traded hands, compared to its average volume of 387,842. The firm has a market capitalization of $341.93 and a P/E ratio of 36.60. ADVA Optical Networking has a 52 week low of €4.23 ($5.04) and a 52 week high of €11.05 ($13.15).
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ADVA Optical Networking SE develops, manufactures, and sells optical and Ethernet-based networking solutions to telecommunications carriers and enterprises to deliver data, storage, voice, and video services. It offers scalable optical transport solutions, such as FSP 3000 and FSP 3000 CloudConnect; packet edge and aggregation products; and network virtualization products comprising ensemble connectors, ensemble orchestrators, ensemble analytics, ensemble controllers, and ensemble network controllers, as well as FSP 150 ProVMi and FSP 150VMe.
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