Adtran Networks SE (ex ADVA) : The environment remains complex, but should improve slightly in the future
>Q3 sales down 30.4%, y-o-y to € 101.4m below our expectations - Adtran Networks SE (ex. ADVA) released its Q3 2024 results yesterday. Revenues came in at € 101.4m (vs est. at € 110m, i.e. 8% below our expectations). The Q3 2024 decrease stood at 36.4% y-o-y and 6.3% q-o-q due to “reduced demand from major network operators due to their current high inventory levels and the conclusion of several significant customer projects in earlier periods”. Over 9M 2024, revenue...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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