ADTRAN (ADTN) to Release Earnings on Monday

ADTRAN (NASDAQ:ADTN) is expected to post its quarterly earnings results after the market closes on Monday, February 24th. Analysts expect ADTRAN to post earnings of ($0.02) per share and revenue of $237.14 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

ADTRAN Trading Down 1.5 %

Shares of ADTRAN stock opened at $11.65 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.10 and a quick ratio of 1.17. ADTRAN has a 1 year low of $4.34 and a 1 year high of $12.16. The company has a market capitalization of $923.96 million, a P/E ratio of -1.79 and a beta of 1.29. The business has a 50 day moving average price of $9.66 and a 200 day moving average price of $7.48.

Wall Street Analyst Weigh In

ADTN has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 target price on shares of ADTRAN in a research note on Thursday, January 16th. Northland Securities lifted their target price on shares of ADTRAN from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Rosenblatt Securities lifted their target price on shares of ADTRAN from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Craig Hallum initiated coverage on shares of ADTRAN in a research note on Wednesday, January 8th. They issued a “buy” rating and a $15.00 target price for the company. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, ADTRAN has an average rating of “Buy” and an average price target of $12.75.

ADTRAN Company Profile

ADTRAN Holdings, Inc, through its subsidiaries, provides networking and communications platforms, software, systems, and services in the United States, Germany, the United Kingdom, and internationally. It operates through two segments, Network Solutions, and Services & Support. It offers residential gateways; ethernet passive optical network ONUs; gigabit passive optical network/XGS-PON ONTs; traditional SSE, routers, and switches; edge cloud; carrier ethernet network interface devices; Optical Line Terminals; Packet Aggregation, Copper Access, and Oscilloquartz; optical transport and engine solutions; infrastructure monitoring solution; and training, professional, software, and managed services.