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    Adva Optical. Fakten, Daten, Hintergründe für unsere Pusher und Basher (Seite 1915)

    eröffnet am 07.08.02 17:30:59 von
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     Ja Nein
      Avatar
      schrieb am 12.11.04 11:35:57
      Beitrag Nr. 841 ()
      Wer jetzt noch nicht dabei ist, sollte sich das Adva-Baby zu 4,50 ins Depot holen!
      Avatar
      schrieb am 11.11.04 18:28:39
      Beitrag Nr. 840 ()
      @ mielke

      ja, entwicklung ist derzeit recht enttäuschend. allerdings stehen bei adva in der regel keine echten gründe dahinter, ging schon häufiger bergab und die ergebnisse waren dann doch gut.

      hatte ja eine zielrange von 5,20 - 5,80 und mich auf den unteren rand festgelegt. glaube aber, dass es in 2005 ordentlich nach oben gehen wird!

      Zwei fundementale gründe gibt es allerdings für den kursverfall: ADVA hat die margenziele runtergenommen und die analysten glauben nicht an weitaus höhere umsatzzuwächse als ausgleich. ferner ist in die telekom landschaft wieder eine größere unsicherheit eingezogen...

      unten ein paar ausschnitte aus der dz analyse - glaube allerdings, dass sich adva positiver entwickeln wird (mehr als 14% wachstum nächstes jahr!!)


      Preiswettbewerb bleibt dauerhaftes Thema
      Wir gehen nicht davon aus, dass es sich bei dem Margenrückgang um einen einmaligen Ausreißer im vierten Quartal handelt. Vielmehr wird ADVA auch weiterhin zur Verbreiterung seiner Kundenbasis insbesondere in USA und Asien bereit sein, unter Aufgabe der Ergebnis Marge sich Kunden und Marktanteile zu erkaufen. Daher erwarten wir in den ersten beiden Quartalen 2005 ebenfalls eine pro forma EBIT-Marge von unter 10%. Für das Gesamtjahr 2005 gehen wir derzeit von einer pro forma EBIT-Marge von 10,2% aus.

      Selbst mit diesen geringeren Margen bleibt ADVA jedoch deutlich profitabler als eine Vielzahl seiner Wettbewerber, so dass aus unserer Sicht das Forcieren der regionalen Expansion Sinn macht.

      ADVA erwartet starkes Wachstum
      Das erklärte Wachstumsziel mit Umsatzsteigerungen von mehr als 20% jährlich halten wir für ambitioniert. In unserer Planung haben wir für 2005 ein organisches Umsatzwachstum von 14% auf Euro 119 Mio. unterstellt. Jedoch halten wir es für durchaus plausibel, dass ADVA über Akquisitionen seinen Marktanteil in den USA bzw. Asien schneller ausbauen
      wird, als dies über organisches Wachstum darstellbar wäre.

      Bewertung
      Der für 2005 angenommene Margenrückgang schlägt sich auch in unserer DCF-Bewertung nieder, so dass wir den fairen Wert nunmehr bei Euro 6,0 je Aktie sehen nach zuvor Euro 6,50. Die weitere Entwicklung des Umsatzwachstums sowie der Ergebnismargen sind die wesentlichen Werttreiber in unserem Modell, so dass erst bei einer Beschleunigung des Wachstums oder einem wieder Anziehen der Margen unser Kursziel nach oben angepasst würde. Im Wettbewerbsvergleich sehen wir ADVA immer noch günstiger bewertet, weshalb wir unsere Kaufempfehlung beibehalten.
      Avatar
      schrieb am 11.11.04 16:42:25
      Beitrag Nr. 839 ()
      Nortel hat es auch ziemlich runtergerissen
      Avatar
      schrieb am 11.11.04 16:04:12
      Beitrag Nr. 838 ()
      Heute ist zwar der 11.11. - aber das hatte ich nun nicht erwartet. Warum dieser Einbruch? Kann mir das mal jemand erklären? Alles rund herum steigt und ADVA geht in die Knie. In den letzten Tagen war ja ein stetiger Abwärtstrend zu sehen. Doktor - von den prognostizierten 5,80 sind wir aber momentan weit entfernt. Schade, daß ich momentan kein Cash habe, würde sonst noch mal nachlegen, doch die Gründe des momentan fallenden Kurses sind mir unerklärlich.
      @Katjuscha - da bist Du aber eindeutig zu zeitig rein - na ja, man weiß nie...
      Avatar
      schrieb am 11.11.04 14:13:20
      Beitrag Nr. 837 ()
      Der Cisco Outlook versaut uns ganz schön die Jahresendrallye hier :(

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      schrieb am 09.11.04 11:51:07
      Beitrag Nr. 836 ()
      ADVA AG Optical Networking (DE) - ADVA OPTICAL NETWORKING RECEIVES ...

      16:01 08.11.04



      Published: 16:00 08.11.2004 GMT+1 /HUGIN /Source: ADVA AG Optical Networking /GER: ADV /ISIN: DE0005103006

      ADVA OPTICAL NETWORKING RECEIVES BROCADE FABRIC AWARE STATUS FOR END-TO-END STORAGE NETWORKING INTEROPERABILITY

      ADVA`s FSP 2000 and FSP 3000 systems demonstrate interoperability in heterogeneous Brocade-based storage area network environments


      Martinsried/Munich, Germany; Mahwah/New Jersey, USA. November 8, 2004. ADVA Optical Networking announced today that its FSP 2000 and FSP 3000 systems have been verified by Brocade as interoperable with Brocade-based Storage Area Networking (SAN) infrastructure, according to the testing requirements of the Brocade Fabric Aware Program, an end-to-end interoperability initiative for SANs. The program is a comprehensive testing and configuration initiative designed to foster SAN interoperability in multi-vendor Brocade-based SAN environments.

      Testing was conducted at the Brocade interoperability labs, which are state-of-the-art facilities supporting end-to-end interoperability and performance testing of SAN products in multi-vendor and large fabric SAN environments. The Brocade Fabric Aware Program has added more than fifity members since its launch in 2000. In addition, as part of its investment in SAN interoperability, Brocade actively supports its members` interoperability initiatives.

      "ADVA and Brocade have been partnering since 2002 to guarantee our joint customers the highest level of assurance and technical support. This latest qualification of our FSP 2000 and FSP 3000 systems with Brocade`s SAN infrastructure products - including the SilkWorm 24000 Director, SilkWorm Multiprotocol Router, SilkWorm 3900/3850/3800/3250/3200 - is a further step to provide seamless interoperability for enterprises," stated Brian P. McCann, Chief Marketing and Strategy Officer at ADVA. "As enterprise interest in disaster-recovery strategies has intensified in the last three years, storage area networks are being deployed in greater numbers and continually scaled in size and scope."

      "We are pleased that ADVA has successfully completed the Fabric Aware testing with Brocade fabric switches in multi-vendor SAN environments," said Jay Kidd, Brocade CTO, Infrastructure Systems Group. "Storage area networks are being deployed worldwide at a rapid rate as a scalable, high performance networking foundation for storage environments. The Fabric Aware program is an example of our continued commitment to delivering end-to-end interoperability to SAN customers."

      ADVA`s Fiber Service Platform is a portfolio of optical networking products designed specifically for the delivery of high-speed services and network infrastructure in the metropolitan area. Key enterprise applications include business continuity, disaster recovery, local area network extension, and converged networking. Key carrier applications include managed Ethernet services, managed storage services, and network infrastructure. Employing leading technologies like Coarse and Dense Wavelength Division Multiplexing (CWDM/DWDM) and Time Division Multiplexing (TDM), the FSP systems enable up to 512 applications ranging from speeds of 8Mbit/s to 10Gbit/s to be transported over a single fiber pair up to 500 kilometers. The modular design and flexible architecture options enable the most comprehensive and cost-effective solutions for customer premise, metro access, and metro core networks. The Fiber Service Platform (FSP) portfolio includes the FSP 150, FSP 1500, FSP 500, FSP 2000, FSP 3000, and FSP Management Suite.

      ABOUT THE BROCADE FABRIC AWARE PRORAM
      The Brocade Fabric Aware program is a comprehensive testing and configuration initiative designed to foster end-to-end SAN interoperability. As part of the program, testing is conducted in SAN configurations that comprise a heterogeneous mix of servers, storage subsystems, Brocade fabric switches, SAN management and enterprise applications, and other SAN technologies. Brocade has created an interoperability lab comprising a heterogeneous SAN fabric, in which the company tests and validates partner equipment in specific configurations. Vendors receive Brocade Fabric Aware qualification after completing tests to confirm that vendors` products meet interoperability guidelines. For more information, visit www.brocade.com/partners/fabric_aware_program.jhtml.

      ABOUT ADVA OPTICAL NETWORKING
      ADVA Optical Networking (FSE: ADV) is a leading global provider of optical networking solutions for rapid and cost-effective provisioning of high-speed data, storage, voice, and video services in the metropolitan area. ADVA`s carrier-class Fiber Service Platform (FSP) product portfolio is explicitly designed to enhance services, simplify networks, and reduce the total cost of ownership. ADVA`s solutions have been deployed at over 90 carriers and several thousand enterprises worldwide. ADVA`s products are sold through an international network of blue-chip distribution partners in addition to its own direct sales force.


      FOR PRESS AND INVESTORS:
      Alexa M. Schmidt
      t +1 201 258 8293 (U.S.)
      t +49 89 89 06 65 240 (Europe)
      t +81 3 5408 5891 (Asia)
      investor-relations@advaoptical.com
      public-relations@advaoptical.com

      PUBLISHED BY:
      ADVA AG Optical Networking, Martinsried/Munich and Meiningen, Germany
      ADVA Optical Networking Inc., Mahwah/New Jersey, USA
      ADVA Optical Networking Corp., Tokyo, Japan
      www.advaoptical.com
      Avatar
      schrieb am 05.11.04 08:36:10
      Beitrag Nr. 835 ()
      anbei das Bewertungsmodel der Citigroup. Stimmt mit meiner Bewertung überein und zeigt deutliches upside potential.

      Mal sehen, wie sich 2005 entwickeln wird!


      Valuation

      We value ADVA on both an absolute basis with the help of DCF as well as on a multiples comparison to its peers.
      We find
      ➤ Based on, in our view, conservative assumptions, our DCF model shows substantial upside to c€10.
      ➤ On average, ADVA trades at a discount of 35%-40% to its peers on EV/Sales, 20%-30% on EV/EBITDA
      multiples, a discount of 20-35% on EV/EBIT multiples, and a discount of 45-55% on PE for 2004-2006.
      We believe ADVA should not trade at any significant discount to our US peer group and therefore set our price target
      at €6.0 implying a c20% upside to the current share price. As implied by our DCF valuation, we see substantial
      upside to this target should the US technology sector recover.
      Avatar
      schrieb am 03.11.04 21:54:41
      Beitrag Nr. 834 ()
      Published: 16:00 03.11.2004 GMT+1 /HUGIN /Source: ADVA AG Optical Networking /GER: ADV /ISIN: DE0005103006

      ADVA OPTICAL NETWORKING STRENGTHENS POSITION IN SOUTHERN EUROPE AND AFRICA WITH OPENING OF OFFICE IN ROME, ITALY




      Martinsried/Munich, Germany; Mahwah/New Jersey, USA. November 3, 2004. ADVA Optical Networking today announced the opening of an office in Rome, Italy, to serve as a base of ADVA`s business development, sales, and service activities in southern Europe and Africa. ADVA is the leading provider of metro optical networking solutions in Europe and has had a sales team presence in southern Europe since 2000. Fastweb, Telecom Italia, and Telefonica are among ADVA`s carrier customers in the region together with dozens of enterprises in the banking and insurance sectors as well as large conglomerates.

      The company partners with leading telecommunications and storage distribution channels like Siemens and CNT and has penetrated Italy, Portugal, Spain, and South Africa. In Italy and Portugal, for example, major carriers have successfully deployed ADVA`s Wavelength Division Multiplexing (WDM) infrastructure solutions for relieving fiber exhaust and enabling "carrier`s carrier" wholesale services. Spain has proven to be a particularly strong market for ADVA`s systems for reliably supporting high-bandwidth enterprise Storage Area Networking (SAN) solutions.

      "We see tremendous growth opportunities throughout the region, thanks largely to our established customer and partner relationships and the unmatched flexibility of our Fiber Service Platform product portfolio," said Marcello Forti, Director Sales for Southern Europe, Africa, and Latin America with ADVA. "Enterprises throughout Southern Europe and Africa are keenly interested in the storage and Ethernet access services that our solutions cost-effectively enable. Carriers are seeking ways to tap new revenues from their metro and regional infrastructures and particularly embracing new triple play and video services. The opening of the Rome office gives us a stronger local presence and ability to better serve and support our customers and partners."

      ADVA`s Fiber Service Platform (FSP) is a portfolio of optical networking products designed specifically for the delivery of high-speed services and network infrastructure in the metropolitan area. Key enterprise applications include business continuity, disaster recovery, local area network extension, and converged networking. Key carrier applications include managed Ethernet services, managed storage services, and network infrastructure. Employing leading technologies like Coarse and Dense Wavelength Division Multiplexing (CWDM/DWDM) and Time Division Multiplexing (TDM), the FSP systems enable up to 512 applications ranging from speeds of 8Mbit/s to 10Gbit/s to be transported over a single fiber pair up to 500 kilometers.

      ADVA`s Rome office is one of 12 globally that together employ more than 470 professionals. The new office is located at Parco di Villa Grazioli, Via Umberto Pavoni 44/12, I-00046 Grottaferrata, Italy. The main telephone number is +39 06 9412936.

      ABOUT ADVA OPTICAL NETWORKING
      ADVA Optical Networking (FSE: ADV) is a leading global provider of optical networking solutions for rapid and cost-effective provisioning of high-speed data, storage, voice, and video services in the metropolitan area. ADVA`s carrier-class Fiber Service Platform (FSP) product portfolio is explicitly designed to enhance services, simplify networks, and reduce the total cost of ownership. ADVA`s solutions have been deployed at over 90 carriers and several thousand enterprises worldwide. ADVA`s products are sold through an international network of blue-chip distribution partners in addition to its own direct sales force.


      FOR PRESS AND INVESTORS:
      Alexa M. Schmidt
      t +49(0)89 89 0665 240 (Europe)
      t +1 201 258 8293 (U.S.)
      t +81 3 5408 5891 (Asia)
      investor-relations@advaoptical.com
      public-relations@advaoptical.com
      Avatar
      schrieb am 03.11.04 13:20:42
      Beitrag Nr. 833 ()
      @ all

      im jüngsten deutsche börse ranking ist adva auf platz 33/34 (market cap / volume) hochgerutscht. allerdigs sind noch solarworld und medigene die besseren tecdax anwärter.

      klar auf einem abstiegsrang ist repower, teles sieht gerade auch nicht so gut aus.

      insofern: falls es ab januar vernünftig aufwärts geht, sind die chancen für eine aufnahme gar nicht übel!

      dno
      Avatar
      schrieb am 01.11.04 23:13:21
      Beitrag Nr. 832 ()
      Sa bahnt sich was an :rolleyes:


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