ADVA Optical Networking (ADV) Given a €5.20 Price Target at Deutsche Bank

Deutsche Bank set a €5.20 ($6.19) price objective on ADVA Optical Networking (ETR:ADV) in a research note issued to investors on Friday. The brokerage currently has a neutral rating on the stock.

Separately, Hauck & Aufhaeuser set a €3.50 ($4.17) target price on ADVA Optical Networking and gave the company a sell rating in a research report on Monday, October 23rd.

ADVA Optical Networking (ETR:ADV) traded down €0.07 ($0.08) during trading hours on Friday, hitting €6.74 ($8.02). The company had a trading volume of 209,549 shares, compared to its average volume of 404,348. The firm has a market capitalization of $335.22 and a P/E ratio of 33.70. ADVA Optical Networking has a twelve month low of €4.23 ($5.04) and a twelve month high of €11.05 ($13.15).

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About ADVA Optical Networking

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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