ADTRAN (NASDAQ:ADTN) Receiving Positive Press Coverage, Report Finds

News headlines about ADTRAN (NASDAQ:ADTN) have been trending positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ADTRAN earned a news sentiment score of 0.29 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 46.5811609910374 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

NASDAQ:ADTN traded up $0.15 during trading hours on Thursday, hitting $15.55. The company’s stock had a trading volume of 508,411 shares, compared to its average volume of 626,217. The stock has a market capitalization of $743.31, a price-to-earnings ratio of 31.10, a PEG ratio of 2.84 and a beta of 0.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.72 and a current ratio of 3.87. ADTRAN has a 52-week low of $15.15 and a 52-week high of $25.10.

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ADTRAN (NASDAQ:ADTN) last released its quarterly earnings data on Tuesday, January 16th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The firm had revenue of $126.52 million during the quarter, compared to analysts’ expectations of $125.90 million. ADTRAN had a return on equity of 7.95% and a net margin of 3.58%. analysts predict that ADTRAN will post 0.54 EPS for the current year.

A number of brokerages recently issued reports on ADTN. Zacks Investment Research raised ADTRAN from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. BidaskClub raised ADTRAN from a “strong sell” rating to a “sell” rating in a report on Friday, March 9th. ValuEngine cut ADTRAN from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. TheStreet cut ADTRAN from a “b” rating to a “c+” rating in a research note on Wednesday, January 17th. Finally, Jefferies Group reiterated a “hold” rating and issued a $17.25 price objective on shares of ADTRAN in a research note on Thursday, January 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $21.41.

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ADTRAN Company Profile

ADTRAN, Inc provides networking and communications equipment worldwide. The company operates through two segments, Network Solutions and Services & Support. It offers access and aggregation solutions, including network management and subscriber services control and orchestration software within a SD-access architecture; SDN-controlled programmable network elements; fiber to the premises and fiber to the node (FTTN) multi-service access nodes (MSAN); fiber aggregation and FTTN MSAN; fiber to the distribution point optical network units; optical line terminals; optical networking edge aggregation; and IP digital subscriber line access multiplexers.

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