ADTRAN (NASDAQ:ADTN) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Friday.
Several other equities research analysts have also commented on ADTN. MKM Partners lowered their price target on shares of ADTRAN from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, December 29th. Northland Securities reaffirmed a “buy” rating and issued a $23.00 price target on shares of ADTRAN in a report on Thursday, January 18th. Jefferies Group reaffirmed a “hold” rating and issued a $17.25 price target on shares of ADTRAN in a report on Thursday, January 18th. Goldman Sachs Group raised shares of ADTRAN from a “sell” rating to a “neutral” rating and set a $17.00 price target on the stock in a report on Monday, January 15th. Finally, Cowen reaffirmed a “hold” rating and issued a $16.00 price target on shares of ADTRAN in a report on Friday, December 29th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $21.41.
Shares of ADTRAN (NASDAQ ADTN) opened at $16.30 on Friday. The firm has a market cap of $789.31, a price-to-earnings ratio of 32.60, a PEG ratio of 3.40 and a beta of 0.56. The company has a current ratio of 3.87, a quick ratio of 2.72 and a debt-to-equity ratio of 0.05. ADTRAN has a 1-year low of $15.25 and a 1-year high of $25.10.
ADTRAN (NASDAQ:ADTN) last announced its quarterly earnings data on Tuesday, January 16th. The communications equipment provider reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $126.52 million for the quarter, compared to analyst estimates of $125.90 million. ADTRAN had a net margin of 3.58% and a return on equity of 7.95%. analysts predict that ADTRAN will post 0.48 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its position in shares of ADTRAN by 5.8% in the second quarter. Public Employees Retirement System of Ohio now owns 6,804 shares of the communications equipment provider’s stock worth $141,000 after acquiring an additional 373 shares during the period. SG Americas Securities LLC acquired a new position in shares of ADTRAN in the third quarter worth about $190,000. Crossmark Global Holdings Inc. acquired a new position in shares of ADTRAN in the third quarter worth about $211,000. Macquarie Group Ltd. acquired a new position in shares of ADTRAN in the third quarter worth about $227,000. Finally, Vident Investment Advisory LLC acquired a new position in shares of ADTRAN in the third quarter worth about $238,000. Institutional investors and hedge funds own 90.32% of the company’s stock.
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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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