ADTRAN Holdings, Inc. (NASDAQ:ADTN) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts give ADTRAN a consensus rating of Hold from six research firms (1 sell, 2 hold, 3 buy) with an average 12‑month price target of $15.33.
• ADTRAN beat quarterly expectations with EPS of $0.16 (vs. $0.08 est.) and revenue of $291.56M (+20.0% YoY), but the company still reported a negative net margin (-4.15%) and analysts expect -0.5 EPS for the fiscal year.
• Shares trade around $13.21 within a 12‑month range of $7.06–$13.25, the company has a market cap of about $1.07B and a negative P/E, and roughly 80.56% of the stock is owned by institutions.

Shares of ADTRAN Holdings, Inc. (NASDAQ:ADTN - Get Free Report) have received an average rating of "Hold" from the six research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $15.3333.

Several research analysts recently issued reports on the company. Argus upgraded ADTRAN to a "hold" rating in a research report on Wednesday, March 4th. Rosenblatt Securities lifted their price objective on ADTRAN from $11.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, February 27th. Wall Street Zen downgraded ADTRAN from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 21st. Weiss Ratings restated a "sell (d-)" rating on shares of ADTRAN in a research report on Thursday, April 2nd. Finally, Needham & Company LLC restated a "buy" rating and set a $14.00 price objective on shares of ADTRAN in a research report on Thursday, February 26th.

ADTRAN Price Performance

ADTN stock opened at $13.21 on Wednesday. The firm has a 50 day moving average of $10.74 and a 200-day moving average of $9.50. ADTRAN has a 12-month low of $7.06 and a 12-month high of $13.25. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 1.50. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -25.90 and a beta of 1.23.

ADTRAN (NASDAQ:ADTN - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The communications equipment provider reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.08. ADTRAN had a negative net margin of 4.15% and a positive return on equity of 4.23%. The company had revenue of $291.56 million during the quarter, compared to the consensus estimate of $281.12 million. ADTRAN's revenue was up 20.0% on a year-over-year basis. As a group, equities analysts expect that ADTRAN will post -0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cape Investment Advisory Inc. acquired a new position in shares of ADTRAN during the 2nd quarter worth approximately $27,000. State of Alaska Department of Revenue acquired a new position in shares of ADTRAN during the 3rd quarter worth approximately $36,000. Quarry LP acquired a new position in shares of ADTRAN during the 3rd quarter worth approximately $36,000. Kestra Advisory Services LLC acquired a new position in ADTRAN in the 4th quarter valued at $36,000. Finally, ST Germain D J Co. Inc. raised its holdings 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 during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

About ADTRAN

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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