Ekinops - Breakdown in S2, but the story isn't over yet
Q3 was very disappointing, down -13% ccThe Group has mechanically revised its annual guidance downwards, but 2023 will be a year of growth, and operating results will be better than in 2020 or 2021.The Access routers division will remain under pressure in the current economic climate, but in the long term, we believe that all the fundamentals remain buoyant.We remain at BUY after having significantly revised our scenario downwards. The 40% fall in the share price since the beginning of the year seems exaggerated to us, and offers an entry point not seen since March 2020, at the start of the pandemic.Ekinops SA is a France-based company engaged in the provision of optical transport solutions for service providers and private networks. The Company develops optical aggregation and transportation sub-systems for metropolitan and long-distance networks. Its products include switching, routing and multi-protocol solutions; optical amplifiers, optical filters, as well as optical protection units, among others. Its system can be configured through a software download to manage the aggregation of multiprotocol services through integration of systems and functionalities, allowing systems to be used through a single protocol. Ekinops operates a network of business offices in Americas, Europe, the Middle East and Africa.
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