NASDAQ:ADTNADTRAN Stock Price, Forecast & News

ADTRAN's stock was trading at $6.84 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ADTN shares have increased by 59.8% and is now trading at $10.93. View which stocks have been most impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ADTRAN in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for ADTRAN.

ADTRAN is scheduled to release its next quarterly earnings announcement on Wednesday, July 15th 2020. View our earnings forecast for ADTRAN.

ADTRAN, Inc. (NASDAQ:ADTN) released its earnings results on Wednesday, May, 6th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.11. The communications equipment provider had revenue of $114.52 million for the quarter, compared to the consensus estimate of $111.05 million. ADTRAN had a negative return on equity of 1.74% and a negative net margin of 12.72%. View ADTRAN's earnings history.

ADTRAN announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.09 per share on Thursday, June 4th. This represents a $0.36 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Wednesday, May 20th. View ADTRAN's dividend history.

4 brokerages have issued 1 year price targets for ADTRAN's shares. Their forecasts range from $10.50 to $15.00. On average, they expect ADTRAN's share price to reach $12.83 in the next twelve months. This suggests a possible upside of 17.4% from the stock's current price. View analysts' price targets for ADTRAN.

Media stories about ADTN stock have trended extremely negative recently, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. ADTRAN earned a media sentiment score of -4.8 on InfoTrie's scale. They also assigned news headlines about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutADTRAN.

ADTRAN saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 757,900 shares, a decrease of 29.2% from the April 30th total of 1,070,000 shares. Based on an average trading volume of 420,400 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.6% of the shares of the company are short sold. View ADTRAN's Current Options Chain.

Some companies that are related to ADTRAN include Cisco Systems (CSCO), QUALCOMM (QCOM), Palo Alto Networks (PANW), Motorola Solutions (MSI), F5 Networks (FFIV), Ciena (CIEN), Juniper Networks (JNPR), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Ribbon Communications (RBBN) and Plantronics (PLT). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other ADTRAN investors own include Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), AMC Entertainment (AMC), Ciena (CIEN), Associated British Foods (ABF), Apollo Global Management (APO), Chaarat Gold (CGH), Cypress Semiconductor (CY) and First Data (FDC).

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

ADTRAN's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.03%), Victory Capital Management Inc. (6.80%), Victory Capital Management Inc. (6.80%), Fuller & Thaler Asset Management Inc. (4.34%), State Street Corp (3.38%) and Bank of New York Mellon Corp (1.58%). Company insiders that own ADTRAN stock include Balan Nair, Daniel T Whalen, James Denson Wilson Jr, Marc Kimpe and Roger D Shannon. View institutional ownership trends for ADTRAN.

ADTN stock was sold by a variety of institutional investors in the last quarter, including Grantham Mayo Van Otterloo & Co. LLC, Deutsche Bank AG, WINTON GROUP Ltd, Assenagon Asset Management S.A., BlackRock Inc., Squarepoint Ops LLC, Fuller & Thaler Asset Management Inc., and Parametric Portfolio Associates LLC. View insider buying and selling activity for ADTRAN.

ADTN stock was purchased by a variety of institutional investors in the last quarter, including Horrell Capital Management Inc., Kornitzer Capital Management Inc. KS, Acadian Asset Management LLC, Mackay Shields LLC, JPMorgan Chase & Co., Morgan Stanley, Morgan Stanley, and State Street Corp. Company insiders that have bought ADTRAN stock in the last two years include Balan Nair, Daniel T Whalen, and Marc Kimpe. View insider buying and selling activity for ADTRAN.

Shares of ADTN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ADTN stock can currently be purchased for approximately $10.93.

ADTRAN has a market capitalization of $524.20 million and generates $530.06 million in revenue each year. The communications equipment provider earns $-52,980,000.00 in net income (profit) each year or ($0.01) on an earnings per share basis. ADTRAN employs 1,790 workers across the globe.

The official website for ADTRAN is www.adtran.com.

ADTRAN's mailing address is 901 Explorer Boulevard, HUNTSVILLE AL, 35806. The communications equipment provider can be reached via phone at 256-963-8000 or via email at [email protected]