ADTRAN (NASDAQ:ADTN) will post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect ADTRAN to post earnings of $0.01 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Shares of ADTRAN stock opened at $9.35 on Wednesday. ADTRAN has a 52 week low of $8.09 and a 52 week high of $17.81. The stock has a 50 day moving average price of $10.70 and a two-hundred day moving average price of $13.49. The stock has a market capitalization of $460.57 million, a PE ratio of -19.89, a price-to-earnings-growth ratio of 41.27 and a beta of 1.24.
A number of equities research analysts have commented on the company. BidaskClub raised ADTRAN from a “strong sell” rating to a “sell” rating in a research note on Tuesday. ValuEngine raised ADTRAN from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. MKM Partners cut ADTRAN from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $17.00 to $11.00 in a research note on Thursday, October 10th. Northland Securities reissued a “hold” rating and issued a $10.00 price objective on shares of ADTRAN in a research note on Thursday, October 10th. Finally, Zacks Investment Research cut ADTRAN from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.00.
In other ADTRAN news, VP Roger D. Shannon sold 6,200 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $9.71, for a total value of $60,202.00. Following the completion of the sale, the vice president now owns 12,809 shares of the company’s stock, valued at $124,375.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.52% of the company’s stock.
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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