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An announcement from Smartoptics Group AS ( (DE:3YL) ) is now available.
Smartoptics reported a challenging 2024 with an overall revenue decline, but ended the year strong with a 22% revenue growth in the fourth quarter and improved profitability. The company remains optimistic about the long-term potential of the optical network industry, driven by increasing demand for bandwidth. Despite geopolitical uncertainties, Smartoptics is well-positioned with its EU-based production and is preparing to mitigate any negative impacts on its operations.
More about Smartoptics Group AS
Smartoptics is a Scandinavian company founded in 2006, specializing in innovative optical networking solutions and devices. The company serves a diverse customer base, including enterprises, governments, cloud providers, and telecom operators, with a focus on open networking to prevent vendor lock-in and reduce costs. Smartoptics partners with major technology providers like Brocade, Cisco, and Dell, and has a global presence through over 100 business partners.
YTD Price Performance: 1.38%
Technical Sentiment Signal: Strong Buy
Current Market Cap: €149M
See more insights into 3YL stock on TipRanks’ Stock Analysis page.