ADVA Optical Networking (ADV) PT Set at €5.20 by Deutsche Bank

ADVA Optical Networking (ETR:ADV) received a €5.20 ($6.19) price target from analysts at Deutsche Bank in a research report issued on Friday. The brokerage presently has a “neutral” rating on the stock. Deutsche Bank’s target price would indicate a potential downside of 22.85% from the company’s current price.

Separately, Hauck & Aufhaeuser set a €6.00 ($7.14) price objective on shares of ADVA Optical Networking and gave the stock a “neutral” rating in a research report on Thursday, January 4th.

ADVA Optical Networking (ETR ADV) opened at €6.74 ($8.02) on Friday. The stock has a market cap of $335.22 and a P/E ratio of 33.70. ADVA Optical Networking has a 12-month low of €4.23 ($5.04) and a 12-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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