Analyst Research Report Snapshot

Title:

ADVA OPTICAL NETWORKING - CORIANT MAY ACT AS A DRAG ON GROWTH IN 2014

Price:

$10.00

Provider:

Edison Investment Research

Date:

09 Dec 2013

Pages:

12

Type:

AcrobatPDF

Companies referenced:

ADAG.DE 002502.SZ ALLT.TA ALUA.PA BVC.L CIEN.OQ CSCO.OQ ERICb.ST FNSR.OQ INFN.OQ JDSU.OQ JNPR.N SCMR.PK

Available for Immediate Download
Summary:

Although ADVA expects ‘significant growth’ from some key customers in 2014, disruption from the Coriant relationship is likely to act as a drag on this overall performance. With margins depressed, the shares trade on a 48x 2013 P/E, but on a mere 0.5x EV/sales – a considerable discount to its closest peer. If ADVA can deliver revenue growth despite Coriant, then forecast upgrades are possible. Revenues need to increase by approximately 15% to get margins up to historic and peer levels that would justify a more in line EV/sales rating and would soon make the shares look cheap on P/E multiples.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.