ADTRAN - ADTN Stock Forecast, Price & News

ADTRAN Holdings, Inc., through its subsidiaries, provides end-to-end fiber networking solutions for communications service provider, enterprises, and government customers in the United States, Germany, the United Kingdom, Mexico, and internationally. It operates through two segments, Network Solutions, and Services & Support. The company offers fiber access and fiber to the node platforms; transceivers, cables, and other miscellaneous materials; passive optical network optical line terminals; fiber to the distribution point Gfast distribution point units; cabinet and outside plant enclosures and services; packet optical transports; fixed wireless access platforms; and network management and subscriber services, and control and orchestration software. It also provides broadband customer premises solutions, ethernet switches and routers, residential gateways, cloud-based software-as-a-service management platforms, virtual wireless local area networks, Internet of Things gateways, pre-sale and post-sale technical support, and multi-gigabit mesh Wi-Fi gateways. In addition, the company offers time division multiplexed and asynchronous transfer mode-based aggregation systems and customer devices; and high-bit-rate and asymmetric digital subscriber line, and other technologies. Further, it provides other access and aggregation, subscriber and experience, and traditional and other products, software, and services. Additionally, the company engages in the provision of planning, engineering, program management, maintenance, installation, and commissioning services to implement customer network solutions; and customer devices solutions into consumer, small business, and enterprise locations. ADTRAN Holdings, Inc. is headquartered in Huntsville, Alabama.

ADTRAN Trading Up 2.0 %

Shares of NASDAQ:ADTN traded up $0.50 during trading hours on Monday, hitting $24.99. 548,689 shares of the company traded hands, compared to its average volume of 635,318. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -89.25 and a beta of 1.37. The company's 50 day moving average price is $20.73 and its 200 day moving average price is $19.58. ADTRAN has a 12 month low of $16.30 and a 12 month high of $25.29.

ADTRAN (NASDAQ:ADTN - Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The communications equipment provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. ADTRAN had a positive return on equity of 4.69% and a negative net margin of 2.20%. During the same period in the prior year, the firm posted $0.14 EPS. Equities analysts anticipate that ADTRAN will post 0.6 EPS for the current year.

ADTRAN Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.44%. The ex-dividend date is Wednesday, August 17th. ADTRAN's dividend payout ratio (DPR) is presently -128.57%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Needham & Company LLC assumed coverage on ADTRAN in a report on Thursday, July 14th. They set a "buy" rating and a $28.00 price objective on the stock. The Goldman Sachs Group upped their price objective on ADTRAN from $21.00 to $24.00 and gave the stock a "neutral" rating in a report on Monday, August 8th. Finally, Rosenblatt Securities boosted their target price on ADTRAN from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Monday, July 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $27.20.