ADTRAN Holdings, Inc. (NASDAQ:ADTN) Receives $18.00 Average PT from Analysts

Shares of ADTRAN Holdings, Inc. (NASDAQ:ADTN) have earned a consensus recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $18.00.

Several analysts have weighed in on the stock. Wall Street Zen cut shares of ADTRAN from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 17th. Rosenblatt Securities increased their target price on shares of ADTRAN from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of ADTRAN in a report on Wednesday, May 6th. Argus upgraded shares of ADTRAN to a “hold” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of ADTRAN in a research report on Thursday, April 2nd.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of ADTRAN during the 3rd quarter worth approximately $36,000. Kestra Advisory Services LLC acquired a new position in ADTRAN during the fourth quarter valued at approximately $36,000. ST Germain D J Co. Inc. lifted its stake in ADTRAN by 100.0% during the fourth quarter. ST Germain D J Co. Inc. now owns 5,000 shares of the communications equipment provider’s stock worth $43,000 after purchasing an additional 2,500 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of ADTRAN in the 4th quarter valued at $47,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of ADTRAN in the 4th quarter valued at $87,000. Institutional investors own 80.56% of the company’s stock.

ADTRAN Stock Performance

ADTN opened at $17.56 on Thursday. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.77 and a quick ratio of 1.18. The business has a fifty day simple moving average of $15.35 and a 200 day simple moving average of $11.40. ADTRAN has a 1 year low of $7.11 and a 1 year high of $19.98. The company has a market capitalization of $1.42 billion, a PE ratio of -45.03 and a beta of 1.42.

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

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.