ADTRAN (ADTN) to Release Earnings on Wednesday

ADTRAN (NASDAQ:ADTN) is projected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect ADTRAN to post earnings of ($0.02) per share and revenue of $237.95 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

ADTRAN Price Performance

Shares of ADTRAN stock 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. ADTRAN has a 12 month low of $4.34 and a 12 month high of $12.16. The stock has a 50 day moving average of $9.94 and a 200 day moving average of $7.68. The firm has a market cap of $859.68 million, a PE ratio of -1.67 and a beta of 1.29.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Rosenblatt Securities lifted their price objective 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. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price target on shares of ADTRAN in a research report on Thursday, January 16th. Craig Hallum assumed coverage on ADTRAN in a research report on Wednesday, January 8th. They set a “buy” rating and a $15.00 price objective on the stock. Finally, Northland Securities lifted their target price on ADTRAN from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus 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.