Adtran Networks SE (ex ADVA) : Still cautious on the short term, more confident on the mid term
>Q2 sales down 36.6% y-o-y to € 108.2 m, below our expectations - Adtran Networks SE (ex. ADVA) has released its Q2 2024 results. Revenues came in at € 108.2m (vs est. at € 127.7m, i.e. 15% below our expectations). The Q2 2024 decrease stood at 36.4% y-o-y and 1.3% q-o-q due to reduced customer spending driven by the uncertain macroeconomic environment and still elevated customer inventory levels. These results are aligned with the last 2 quarters. Meanwhile, the pare...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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