ADTRAN (ADTN) to Release Earnings on Monday

ADTRAN (NASDAQ:ADTN - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect ADTRAN to post earnings of ($0.08) per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

ADTRAN (NASDAQ:ADTN - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The communications equipment provider reported ($1.13) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($1.01). The company had revenue of $225.48 million during the quarter, compared to analyst estimates of $232.45 million. ADTRAN had a negative net margin of 21.80% and a negative return on equity of 15.65%. On average, analysts expect ADTRAN to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ADTRAN Price Performance

ADTN stock traded up $0.11 during midday trading on Monday, reaching $4.54. The company had a trading volume of 431,932 shares, compared to its average volume of 729,241. The stock has a 50 day moving average price of $5.44 and a 200-day moving average price of $6.18. ADTRAN has a 1-year low of $4.43 and a 1-year high of $11.02. The company has a quick ratio of 1.34, a current ratio of 2.64 and a debt-to-equity ratio of 0.33.

Analyst Upgrades and Downgrades

ADTN has been the topic of several research reports. Rosenblatt Securities reduced their price target on ADTRAN from $8.00 to $7.50 and set a "neutral" rating on the stock in a report on Wednesday, February 28th. Needham & Company LLC reissued a "buy" rating and issued a $8.00 price target on shares of ADTRAN in a research report on Wednesday, April 17th. Finally, StockNews.com raised ADTRAN to a "sell" rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, ADTRAN presently has an average rating of "Hold" and an average target price of $10.50.

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.