Analyst Research Report Snapshot

Title:

ADVA OPTICAL NETWORKING - WAITING FOR THE REBOUND

Price:

$10.00

Provider:

Edison Investment Research

Date:

29 Apr 2013

Pages:

5

Type:

AcrobatPDF

Companies referenced:

ADAG.DE

Available for Immediate Download
Summary:

ADVA continues to see a challenging trading environment, with general economic conditions and 4G capex priorities dampening current demand. Q113 results came in at the top end of guidance, remaining profitable despite the revenue decline. The company expects a similar demand environment in Q2, and is focusing spending on strategic R&D and sales support, while controlling all other costs. We continue to forecast a return to growth in H213, but have revised down our revenue forecasts for FY13-15 to reflect lower than expected guidance for Q2 and weaker medium term growth prospects.

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