ADTRAN Company Profile (NASDAQ:ADTN)

ADTRAN trades on the NASDAQ under the ticker symbol "ADTN."

ADTRAN announced a quarterly dividend on Tuesday, July 18th. Shareholders of record on Thursday, August 3rd will be given a dividend of $0.09 per share on Thursday, August 17th. This represents a $0.36 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Tuesday, August 1st. View ADTRAN's Dividend History.

ADTRAN, Inc. (NASDAQ:ADTN) issued its earnings results on Tuesday, July, 18th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.19 by $0.11. The company earned $184.67 million during the quarter, compared to analyst estimates of $183.05 million. ADTRAN had a return on equity of 8.39% and a net margin of 5.68%. During the same quarter in the previous year, the business posted $0.21 earnings per share. View ADTRAN's Earnings History.

ADTRAN is scheduled to release their next quarterly earnings announcement on Monday, October, 16th 2017. View Earnings Estimates for ADTRAN.

5 analysts have issued 1-year price objectives for ADTRAN's stock. Their forecasts range from $20.50 to $26.50. On average, they expect ADTRAN's stock price to reach $24.20 in the next twelve months. View Analyst Ratings for ADTRAN.

Here are some recent quotes from research analysts about ADTRAN stock:

• 1. According to Zacks Investment Research, "Shares of ADTRAN have outperformed the industry to which it belongs over the last three months. Ushering in further good news, ADTRAN performed very well in the second quarter of 2017 reporting better than expected earnings per share and revenues. The impressive performance of its Network Solutions portfolio drove results. Sales from its services and support unit also displayed impressive growth in the quarter. Its efforts to reward shareholders also raise optimism. ADTRAN continues to impress with its lucrative product offering and solutions which are some of the best in the industry. The company's efforts to expand internationally are also encouraging. However, the company remains exposed to foreign currency related headwinds." (7/21/2017)
• 2. Jefferies Group LLC analysts commented, "We're still on the sidelines with respect to the stock. We believe that current valuations already build in an appropriate view of the improving business trends at ADTRAN." (1/19/2017)

ADTRAN saw a drop in short interest in the month of June. As of June 15th, there was short interest totalling 620,082 shares, a drop of 23.6% from the May 31st total of 811,487 shares. Based on an average daily volume of 223,296 shares, the days-to-cover ratio is currently 2.8 days. Currently, 1.3% of the company's stock are sold short.

Some companies that are related to ADTRAN include West Corporation (WSTC), Plantronics (PLT), Applied Optoelectronics (AAOI), Infinera Corporation (INFN), Oclaro (OCLR), Acacia Communications (ACIA), Sierra Wireless (SWIR), Spirent Communications Plc (SPT), Vocera Communications (VCRA), Comtech Telecommunications Corp. (CMTL), Sonus Networks (SONS), Calix (CALX), Harmonic (HLIT), Gilat Satellite Networks (GILT), EMCORE Corporation (EMKR), Digi International (DGII), AudioCodes (AUDC) and Clearfield (CLFD).

ADTRAN's management team includes the folowing people:

• Thomas R. Stanton, Chairman of the Board, Chief Executive Officer
• Roger D. Shannon, Chief Financial Officer, Senior Vice President - Finance, Treasurer, Corporate Secretary
• Charles E. Marsh, Senior Vice President - Global Sales
• Michael K. Foliano, Senior Vice President - Global Operations
• Kevin P. Heering, Senior Vice President - Quality and Administration
• Raymond R. Schansman, Senior Vice President - Global Services and Support
• Eduard Scheiterer, Senior Vice President - Engineering and Development
• James Denson Wilson Jr., Senior Vice President - Technology and Strategy
• Gregory James McCray, Director
• Anthony J. Melone, Director

ADTRAN's stock is owned by many different of retail and institutional investors. Top institutional investors include Van Berkom & Associates Inc. (4.18%), Louisiana State Employees Retirement System (0.04%), Aperio Group LLC (0.03%), Eqis Capital Management Inc. (0.03%) and State of Alaska Department of Revenue (0.02%). View Institutional Ownership Trends for ADTRAN.

ADTRAN's stock was sold by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System and Eqis Capital Management Inc.. View Insider Buying and Selling for ADTRAN.

ADTRAN's stock was acquired by a variety of institutional investors in the last quarter, including Van Berkom & Associates Inc., State of Alaska Department of Revenue and Aperio Group LLC. View Insider Buying and Selling for ADTRAN.

Shares of ADTRAN can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of ADTRAN stock can currently be purchased for approximately $23.80.