ADTRAN (NASDAQ:ADTN) is scheduled to be releasing its earnings data after the market closes on Monday, January 15th.
ADTRAN (NASDAQ:ADTN) last announced its quarterly earnings data on Tuesday, October 17th. The communications equipment provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.24 by $0.13. ADTRAN had a net margin of 6.05% and a return on equity of 9.05%. The business had revenue of $185.11 million during the quarter, compared to the consensus estimate of $185.43 million. On average, analysts expect ADTRAN to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
ADTRAN (NASDAQ:ADTN) opened at $19.70 on Friday. ADTRAN has a 1 year low of $18.65 and a 1 year high of $25.10. The company has a market cap of $948.55, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 2.86 and a beta of 0.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.43 and a current ratio of 3.36.
Several brokerages have commented on ADTN. BidaskClub upgraded shares of ADTRAN from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Zacks Investment Research downgraded shares of ADTRAN from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Northland Securities set a $28.00 price objective on shares of ADTRAN and gave the company a “buy” rating in a research report on Wednesday, October 18th. MKM Partners lowered their price objective on shares of ADTRAN from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, December 29th. Finally, Needham & Company LLC restated a “buy” rating and set a $22.00 price objective (down from $26.00) on shares of ADTRAN in a research report on Friday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. ADTRAN currently has an average rating of “Hold” and a consensus target price of $23.21.
In other news, SVP Raymond R. Schansman sold 48,056 shares of the company’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $21.70, for a total transaction of $1,042,815.20. Following the completion of the transaction, the senior vice president now directly owns 11,658 shares in the company, valued at $252,978.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kevin P. Heering sold 9,809 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $21.60, for a total transaction of $211,874.40. Following the transaction, the senior vice president now owns 10,162 shares of the company’s stock, valued at $219,499.20. The disclosure for this sale can be found here. 2.96% of the stock is currently owned by corporate insiders.
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ADTRAN, Inc (ADTRAN) is a provider of networking and communications equipment. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It operates through two segments: Network Solutions and Services & Support. Network Solutions includes software and hardware products that enable CSPs and enterprise customers to realize a fully connected world.
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