Hauck & Aufhaeuser Reiterates €9.00 Price Target for ADVA Optical Networking (ADV)

Hauck & Aufhaeuser set a €9.00 ($10.47) target price on ADVA Optical Networking (ETR:ADV) in a report released on Tuesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Shares of ETR:ADV opened at €7.83 ($9.10) on Tuesday. The stock has a market capitalization of $390.96 million and a P/E ratio of 30.23. ADVA Optical Networking has a fifty-two week low of €5.46 ($6.34) and a fifty-two week high of €9.82 ($11.42). The company has a debt-to-equity ratio of 49.47, a quick ratio of 1.06 and a current ratio of 1.72.

ADVA Optical Networking Company Profile

ADVA Optical Networking SE develops, manufactures, and sells optical and Ethernet-based networking solutions to deliver data, storage, voice, and video services worldwide. It offers scalable optical transport solutions, such as FSP 3000 AgileConnect, FSP 3000 CloudConnect, and FSP 3000 AccessConnect; packet edge and aggregation products, including carrier Ethernet and programmable demarcation, edge aggregation, and edge computing products; and network virtualization products comprising ensemble connectors, controllers, and orchestrators.

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