ADTRAN (ADTN) Expected to Announce Quarterly Earnings on Wednesday

ADTRAN (NASDAQ:ADTN) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.02) per share and revenue of $237.95 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

ADTRAN Trading Down 6.0 %

Shares of NASDAQ ADTN opened at $10.84 on Monday. The company has a current ratio of 2.10, a quick ratio of 1.17 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $859.68 million, a PE ratio of -1.67 and a beta of 1.29. ADTRAN has a twelve month low of $4.34 and a twelve month high of $12.16. The stock has a fifty day simple moving average of $9.94 and a 200-day simple moving average of $7.68.

Analyst Ratings Changes

Several equities analysts have weighed in on ADTN shares. Northland Securities lifted their target price on ADTRAN from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Needham & Company LLC restated a “buy” rating and issued a $11.00 price objective on shares of ADTRAN in a report on Thursday, January 16th. Craig Hallum started coverage on shares of ADTRAN in a research note on Wednesday, January 8th. They set a “buy” rating and a $15.00 target price on the stock. Finally, Rosenblatt Securities raised their price target on shares of ADTRAN from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, ADTRAN has an average rating of “Buy” and a consensus target price of $12.75.

About ADTRAN

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.