Northland Capmk Analysts Cut Earnings Estimates for ADTRAN

ADTRAN Holdings, Inc. (NASDAQ:ADTN - Free Report) - Investment analysts at Northland Capmk lowered their FY2025 earnings estimates for shares of ADTRAN in a research report issued on Wednesday, August 6th. Northland Capmk analyst T. Savageaux now anticipates that the communications equipment provider will post earnings per share of $0.04 for the year, down from their previous estimate of $0.05. The consensus estimate for ADTRAN's current full-year earnings is ($0.50) per share.

Other equities research analysts also recently issued reports about the stock. Rosenblatt Securities cut their target price on shares of ADTRAN from $15.00 to $11.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen downgraded shares of ADTRAN from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Wolfe Research initiated coverage on shares of ADTRAN in a report on Monday, July 7th. They issued a "peer perform" rating on the stock. Finally, Needham & Company LLC lowered their price target on shares of ADTRAN from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $12.00.

ADTRAN Stock Performance

NASDAQ:ADTN traded up $0.54 during mid-day trading on Monday, hitting $9.10. The stock had a trading volume of 1,109,696 shares, compared to its average volume of 1,379,892. ADTRAN has a twelve month low of $4.71 and a twelve month high of $12.44. The stock has a market cap of $727.82 million, a price-to-earnings ratio of -6.95 and a beta of 1.30. The company's 50 day simple moving average is $8.83 and its 200 day simple moving average is $8.92. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.19 and a current ratio of 1.96.

ADTRAN (NASDAQ:ADTN - Get Free Report) last issued its earnings results on Monday, August 4th. The communications equipment provider reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.27). ADTRAN had a negative net margin of 11.02% and a negative return on equity of 10.09%. The firm had revenue of $265.07 million during the quarter, compared to analyst estimates of $255.57 million. During the same quarter last year, the business posted ($0.24) earnings per share. The company's revenue for the quarter was up 17.3% on a year-over-year basis.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Aquatic Capital Management LLC increased its holdings in shares of ADTRAN by 1,572.5% during the fourth quarter. Aquatic Capital Management LLC now owns 6,690 shares of the communications equipment provider's stock worth $56,000 after purchasing an additional 6,290 shares during the period. FNY Investment Advisers LLC bought a new position in shares of ADTRAN during the first quarter worth approximately $65,000. New York State Teachers Retirement System bought a new position in shares of ADTRAN during the second quarter worth approximately $65,000. Park Avenue Securities LLC bought a new position in shares of ADTRAN during the second quarter worth approximately $91,000. Finally, Ballentine Partners LLC bought a new position in shares of ADTRAN during the first quarter worth approximately $94,000. 80.56% of the stock is owned by institutional investors.

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.