Media headlines about ADTRAN (NASDAQ:ADTN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ADTRAN earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 46.1905271398684 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
Several research analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price objective (down previously from $26.00) on shares of ADTRAN in a research report on Friday, January 12th. Argus cut ADTRAN from a “buy” rating to a “hold” rating in a research report on Thursday. Jefferies Group reiterated a “hold” rating and issued a $17.25 price objective on shares of ADTRAN in a research report on Thursday, January 18th. Cowen reiterated a “hold” rating and issued a $16.00 price objective on shares of ADTRAN in a research report on Friday, December 29th. Finally, ValuEngine cut ADTRAN from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $20.32.
Shares of ADTN stock traded down $0.12 during mid-day trading on Friday, reaching $14.70. The stock had a trading volume of 756,931 shares, compared to its average volume of 477,627. ADTRAN has a 12-month low of $14.40 and a 12-month high of $25.10. The stock has a market cap of $710.18, a P/E ratio of 16.52, a P/E/G ratio of 2.75 and a beta of 0.62. The company has a quick ratio of 2.72, a current ratio of 3.38 and a debt-to-equity ratio of 0.05.
ADTRAN (NASDAQ:ADTN) last announced its quarterly earnings results on Tuesday, April 17th. The communications equipment provider reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.15). ADTRAN had a net margin of 1.30% and a return on equity of 3.33%. The firm had revenue of $120.81 million during the quarter, compared to analysts’ expectations of $126.20 million. During the same quarter in the prior year, the business earned $0.14 EPS. sell-side analysts anticipate that ADTRAN will post 0.54 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 16th. Stockholders of record on Wednesday, May 2nd will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Tuesday, May 1st. ADTRAN’s dividend payout ratio is currently 40.45%.
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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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