ADTRAN (NASDAQ:ADTN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ADTRAN (NASDAQ:ADTN) from a buy rating to a strong-buy rating in a research note published on Monday.

ADTN has been the topic of a number of other research reports. Rosenblatt Securities upped their target price on shares of ADTRAN from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Northland Securities set a $18.00 price objective on shares of ADTRAN in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ADTRAN in a research report on Tuesday, June 30th. B. Riley Financial reiterated a “buy” rating on shares of ADTRAN in a report on Friday, May 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of ADTRAN in a research report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

ADTRAN Price Performance

NASDAQ:ADTN opened at $10.45 on Monday. ADTRAN has a 52 week low of $7.11 and a 52 week high of $19.98. The company has a quick ratio of 1.18, a current ratio of 1.77 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $851.15 million, a P/E ratio of -26.79 and a beta of 1.44. The stock’s fifty day moving average is $14.50 and its two-hundred day moving average is $12.75.

ADTRAN (NASDAQ:ADTN) last released its quarterly earnings results on Tuesday, May 5th. The communications equipment provider reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $286.09 million during the quarter, compared to analysts’ expectations of $285.48 million. ADTRAN had a positive return on equity of 10.94% and a negative net margin of 3.18%.The company’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 EPS. Equities analysts expect that ADTRAN will post 0.43 EPS for the current year.

Institutional Trading of ADTRAN

Hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC increased its stake in ADTRAN by 253.7% during the 1st quarter. AQR Capital Management LLC now owns 348,478 shares of the communications equipment provider’s stock worth $3,039,000 after buying an additional 249,954 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in ADTRAN by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,767 shares of the communications equipment provider’s stock valued at $408,000 after buying an additional 1,946 shares during the period. Legal & General Group Plc boosted its position in ADTRAN by 13.9% in the 2nd quarter. Legal & General Group Plc now owns 113,480 shares of the communications equipment provider’s stock valued at $1,018,000 after buying an additional 13,821 shares during the period. American Century Companies Inc. grew its stake in shares of ADTRAN by 11.2% in the second quarter. American Century Companies Inc. now owns 224,015 shares of the communications equipment provider’s stock worth $2,009,000 after acquiring an additional 22,524 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of ADTRAN by 17.6% in the second quarter. Russell Investments Group Ltd. now owns 88,384 shares of the communications equipment provider’s stock worth $793,000 after acquiring an additional 13,222 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Trending Headlines about ADTRAN

Here are the key news stories impacting ADTRAN this week:

• Negative Sentiment: ADTRAN cut its Q2 revenue outlook to about $280 million-$282 million, below the consensus estimate, and also guided Q2 EPS lower than expected. ADTRAN Holdings, Inc. announces certain preliminary second quarter 2026 results
• Negative Sentiment: The company also gave soft Q3 revenue guidance, suggesting that demand or execution may remain pressured in the near term. ADTRAN falls in premarket on Q2 preliminary revenue miss, soft Q3 outlook
• Negative Sentiment: Margin concerns added to the disappointment, with preliminary results pointing to weaker operating performance than investors had expected. Adtran Warns of Weaker Q2 Results and Margins
• Negative Sentiment: A law firm said it is investigating ADTRAN for potential securities law violations, adding another overhang for the stock. Johnson Fistel Investigates ADTRAN Holdings, Inc. (ADTN) for Potential Securities Law Violations
• Neutral Sentiment: Analysts still have an $18 average target price on the stock, but that longer-term view does not offset the immediate earnings and guidance miss. ADTRAN Holdings, Inc. (NASDAQ:ADTN) Receives $18.00 Consensus Target Price from Analysts

About ADTRAN

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.