ADTRAN (ADTN) to Release Quarterly Earnings on Monday

ADTRAN (NASDAQ:ADTN) will be issuing its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

ADTRAN (NASDAQ:ADTN) last posted its quarterly earnings data on Monday, February 26th. The communications equipment provider reported ($1.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.01). ADTRAN had a negative net margin of 21.80% and a negative return on equity of 15.65%. The firm had revenue of $225.48 million during the quarter, compared to analyst estimates of $232.45 million. On average, analysts expect ADTRAN to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ADTRAN Trading Up 2.6 %

Shares of ADTN opened at $4.74 on Friday. The company has a current ratio of 2.64, a quick ratio of 1.34 and a debt-to-equity ratio of 0.33. ADTRAN has a fifty-two week low of $4.34 and a fifty-two week high of $11.02. The firm has a 50-day simple moving average of $5.29 and a 200-day simple moving average of $6.11.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ADTN. Needham & Company LLC reiterated a “buy” rating and issued a $8.00 target price on shares of ADTRAN in a research note on Wednesday, April 17th. Rosenblatt Securities cut their target price on ADTRAN from $8.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Finally, StockNews.com upgraded ADTRAN to a “sell” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, ADTRAN presently has a consensus rating of “Hold” and an average price target of $10.50.

ADTRAN Company Profile

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.