ADTRAN Holdings, Inc. (NASDAQ:ADTN) Given Average Rating of "Hold" by Brokerages

Key Points

• Analyst consensus: Seven brokerages give ADTRAN an average rating of Hold (1 sell, 2 hold, 4 buy) with an average 12‑month price target of $17.
• Recent results: ADTRAN beat estimates last quarter with $0.16 EPS vs. $0.08 expected and $291.6M revenue (up 20% YoY), and analysts forecast roughly $0.32 EPS for the year.
• Market position & valuation: Shares trade near a 52‑week high (~$18.47 vs. $18.69), market cap ~$1.49B, a negative P/E (~-36.22), and about 80.6% of shares are held by institutional investors.

Shares of ADTRAN Holdings, Inc. (NASDAQ:ADTN - Get Free Report) have been assigned an average rating of "Hold" from the seven brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $17.00.

ADTN has been the topic of a number of recent analyst reports. B. Riley Financial reaffirmed a "buy" rating on shares of ADTRAN in a research report on Friday. Wall Street Zen cut shares of ADTRAN from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 21st. Weiss Ratings reissued a "sell (d-)" rating on shares of ADTRAN in a research note on Thursday, April 2nd. Rosenblatt Securities upped their price objective on shares of ADTRAN from $11.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, February 27th. Finally, Needham & Company LLC set a $18.00 price objective on shares of ADTRAN and gave the stock a "buy" rating in a research report on Thursday, April 9th.

ADTRAN Price Performance

ADTN stock opened at $18.47 on Friday. ADTRAN has a 52-week low of $7.11 and a 52-week high of $18.69. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 1.50. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -36.22 and a beta of 1.45. The business has a fifty day moving average of $12.93 and a two-hundred day moving average of $10.34.

ADTRAN (NASDAQ:ADTN - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The communications equipment provider reported $0.16 EPS for the quarter, beating the consensus estimate of $0.08 by $0.08. The business had revenue of $291.56 million for the quarter, compared to analyst estimates of $281.12 million. ADTRAN had a positive return on equity of 4.23% and a negative net margin of 4.15%.The company's revenue for the quarter was up 20.0% on a year-over-year basis. As a group, research analysts anticipate that ADTRAN will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in shares of ADTRAN by 1.6% in the 4th quarter. Franklin Resources Inc. now owns 79,692 shares of the communications equipment provider's stock valued at $693,000 after buying an additional 1,263 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in ADTRAN by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,767 shares of the communications equipment provider's stock worth $408,000 after acquiring an additional 1,946 shares in the last quarter. Occudo Quantitative Strategies LP boosted its holdings in ADTRAN by 3.2% during the 3rd quarter. Occudo Quantitative Strategies LP now owns 65,702 shares of the communications equipment provider's stock valued at $616,000 after acquiring an additional 2,016 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in ADTRAN by 1.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 187,814 shares of the communications equipment provider's stock valued at $1,632,000 after acquiring an additional 2,068 shares in the last quarter. Finally, ST Germain D J Co. Inc. grew its position in ADTRAN by 100.0% in the 4th quarter. ST Germain D J Co. Inc. now owns 5,000 shares of the communications equipment provider's stock valued at $43,000 after acquiring an additional 2,500 shares in the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

ADTRAN Company Profile

ADTRAN, Inc is a global provider of networking and communications equipment, specializing in broadband access solutions for service providers, enterprises and government organizations. Founded in 1985 and headquartered in Huntsville, Alabama, the company develops and delivers hardware and software platforms that enable high-speed Internet access over fiber, copper and wireless networks. Its core offerings include fiber access and aggregation equipment, Ethernet switches, customer premises equipment (CPE) and network management systems designed to support both legacy and next-generation broadband deployments.

The company's product portfolio encompasses a broad range of optical line terminals (OLTs), optical network terminals (ONTs), multiservice access gateways and virtualized access solutions.

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