ADVA Optical Networking SE : Adjusting our sales estimates after positive Q3 2018 and reduction of full-year 2018 sales guidance. Neutral rating and TP of € 6.30 maintained
>Positive Q3 2018 results, 9M 2018 influenced by weak H1 - Q3 2018 revenues came in at € 126.2m, meeting the company’s guidance range provided on 19 July i.e. € 123-133m, and slightly below our estimate of € 128m and consensus (€ 129.5m). However, yoy revenue growth remained solid at 13.5%, and Q3 marked the fourth consecutive quarter of sequential growth. ADVA is seeing increasing demand from all geographic regions both from network operators and large companies.§rch...Adva Optical Networking is a holding company. Through its subsidiaries, Co. is engaged in the development, production and marketing of optical and Ethernet-based networking solutions to telecommunications carriers and enterprises to deliver data, storage, voice and video services. Co.'s optical transmission solutions are based on Wavelength Division Multiplexing (WDM) technology. With WDM, multiple data streams are transmitted over a single optical fiber by assigning each stream to a different wavelength. Co. also provides Ethernet-optimized transmission solutions for fiber-based networks used to interconnect enterprises and mobile network base stations with carrier networks.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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