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ADVA Optical Networking SE : Solid Q1 2018 results after difficult H2 2017, 2018 guidance indicates further improvements, TP raised to € 6.30

>Model adjustments post re-analysis of the business and rollover to 2020 - We have adjusted our estimates after i/ reviewing our model, ii/ making adjustments based on the Q1 2018 results, and iii/ rolling over of our model to 2020. We consequently raise our TP to € 6.30 (€ 5.50). The positive Q1 2018 figures underline three things in our view: i/ the group’s 2018 guidance remains within reach, ii/ ADVA is on track to continue stabilizing its business growth, successf...
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Oddo BHF
Oddo BHF

​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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