Rosenblatt Securities Lowers ADTRAN (NASDAQ:ADTN) Price Target to $15.00

ADTRAN (NASDAQ:ADTN) had its price objective dropped by equities researchers at Rosenblatt Securities from $20.00 to $15.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the communications equipment provider’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 71.23% from the stock’s current price.

A number of other equities analysts also recently issued reports on ADTN. Needham & Company LLC cut their price target on shares of ADTRAN from $18.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Northland Securities set a $18.00 price objective on shares of ADTRAN in a report on Wednesday, May 6th. Evercore assumed coverage on shares of ADTRAN in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ADTRAN in a report on Tuesday, June 30th. Finally, B. Riley Financial reiterated a “buy” rating and set a $21.00 price target (down from $23.00) on shares of ADTRAN in a research report on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, ADTRAN has a consensus rating of “Moderate Buy” and an average target price of $17.20.

ADTRAN Trading Down 1.1%

Shares of ADTN stock opened at $8.76 on Wednesday. The business’s fifty day moving average price is $13.39 and its 200 day moving average price is $12.76. The firm has a market capitalization of $713.50 million, a PE ratio of -22.46 and a beta of 1.47. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.77 and a quick ratio of 1.18. ADTRAN has a 1-year low of $7.11 and a 1-year high of $19.98.

ADTRAN (NASDAQ:ADTN) last released its earnings results on Monday, August 3rd. The communications equipment provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The business had revenue of $281.15 million during the quarter, compared to analyst estimates of $290.19 million. ADTRAN had a negative net margin of 3.18% and a positive return on equity of 10.94%. ADTRAN’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that ADTRAN will post 0.23 EPS for the current fiscal year.

Institutional Trading of ADTRAN

Several large investors have recently modified their holdings of ADTN. Walleye Trading LLC acquired a new position in shares of ADTRAN during the 2nd quarter worth approximately $2,895,000. Assenagon Asset Management S.A. lifted its stake in ADTRAN by 100.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 917,754 shares of the communications equipment provider’s stock valued at $12,757,000 after buying an additional 459,802 shares in the last quarter. Bank of America Corp DE grew its holdings in ADTRAN by 12.4% during the 1st quarter. Bank of America Corp DE now owns 367,226 shares of the communications equipment provider’s stock valued at $4,620,000 after buying an additional 40,595 shares during the last quarter. Quantinno Capital Management LP increased its position in ADTRAN by 18.7% during the first quarter. Quantinno Capital Management LP now owns 52,455 shares of the communications equipment provider’s stock worth $660,000 after buying an additional 8,281 shares in the last quarter. Finally, Entropy Technologies LP increased its position in ADTRAN by 53.6% during the first quarter. Entropy Technologies LP now owns 15,793 shares of the communications equipment provider’s stock worth $199,000 after buying an additional 5,510 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting ADTRAN

Here are the key news stories impacting ADTRAN this week:

• Positive Sentiment: Second-quarter revenue increased 6.1% year over year to $281.1 million, while non-GAAP operating margin was positive at 3.8%. Management also reported $25.9 million in operating cash flow, suggesting some improvement in operating execution. ADTRAN Holdings second-quarter financial results
• Positive Sentiment: Optical networking sales growth and a developing innovation pipeline are supporting the company’s longer-term outlook, according to earnings coverage. ADTRAN Q2 earnings coverage
• Positive Sentiment: ADTRAN and Japan’s TOHKnet completed Japan’s first live 50G PON trial, demonstrating that 50G PON, XGS-PON and EPON can operate on the same fiber. The trial may strengthen ADTRAN’s positioning as telecom operators upgrade network capacity while preserving existing infrastructure. TOHKnet and ADTRAN 50G PON trial
• Neutral Sentiment: The earnings call presented a mixed outlook: management highlighted growth opportunities but also pointed to customer spending constraints and maintained a cautious tone, limiting the near-term catalyst from the revenue improvement. ADTRAN earnings call: growth, constraints and caution
• Negative Sentiment: Adjusted earnings per share came in at $0.04, below the $0.10 analyst consensus, and revenue also missed expectations of approximately $290.2 million. GAAP results showed a $0.13 diluted loss per share and a negative operating margin, reinforcing profitability concerns. ADTRAN earnings report
• Negative Sentiment: Zacks added ADTN to its Rank #5, or “Strong Sell,” list on August 5. That downgrade-style signal may add selling pressure, particularly after the earnings miss and cautious call commentary. Zacks Strong Sell stocks for August 5

ADTRAN Company Profile

ADTRAN, Inc is a global provider of networking and communications equipment, specializing in broadband access solutions for service providers, enterprises and government organizations. Founded in 1985 and headquartered in Huntsville, Alabama, the company develops and delivers hardware and software platforms that enable high-speed Internet access over fiber, copper and wireless networks. Its core offerings include fiber access and aggregation equipment, Ethernet switches, customer premises equipment (CPE) and network management systems designed to support both legacy and next-generation broadband deployments.

The company’s product portfolio encompasses a broad range of optical line terminals (OLTs), optical network terminals (ONTs), multiservice access gateways and virtualized access solutions.