ADTRAN (NASDAQ:ADTN) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, September 12th.
ADTN has been the subject of a number of other research reports. BidaskClub downgraded ADTRAN from a “hold” rating to a “sell” rating in a research note on Wednesday, May 16th. Northland Securities cut shares of ADTRAN from an “outperform” rating to a “market perform” rating and set a $17.00 target price on the stock. in a research report on Wednesday, July 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. ADTRAN presently has a consensus rating of “Hold” and an average price target of $19.04.
Shares of ADTN traded down $0.36 during trading hours on Wednesday, hitting $17.35. The stock had a trading volume of 213,740 shares, compared to its average volume of 439,215. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.93 and a quick ratio of 1.90. The company has a market cap of $842.60 million, a PE ratio of 19.49 and a beta of 0.53. ADTRAN has a 1-year low of $13.95 and a 1-year high of $25.10.
ADTRAN (NASDAQ:ADTN) last issued its earnings results on Tuesday, July 17th. The communications equipment provider reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.15. The company had revenue of $128.05 million during the quarter, compared to the consensus estimate of $127.80 million. ADTRAN had a negative return on equity of 0.56% and a negative net margin of 2.15%. During the same period last year, the business posted $0.26 EPS. Analysts expect that ADTRAN will post -0.44 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in ADTRAN in the 1st quarter valued at approximately $122,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in ADTRAN in the 2nd quarter valued at approximately $151,000. Xact Kapitalforvaltning AB purchased a new position in ADTRAN in the 2nd quarter valued at approximately $168,000. Koch Industries Inc. purchased a new position in ADTRAN in the 1st quarter valued at approximately $236,000. Finally, Quadrature Capital Ltd purchased a new position in ADTRAN in the 1st quarter valued at approximately $251,000. 95.12% of the stock is currently owned by institutional investors.
ADTRAN Company Profile
ADTRAN, Inc provides networking and communications equipment worldwide. The company operates through two segments, Network Solutions and Services & Support. It offers access and aggregation solutions, including network management and subscriber services control and orchestration software within a SD-access architecture; SDN-controlled programmable network elements; fiber to the premises and fiber to the node (FTTN) multi-service access nodes (MSAN); fiber aggregation and FTTN MSAN; fiber to the distribution point optical network units; optical line terminals; optical networking edge aggregation; and IP digital subscriber line access multiplexers.
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