ADTRAN (ADTN) Expected to Announce Earnings on Monday

ADTRAN (NASDAQ:ADTN - Get Free Report) is projected to issue its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of ($0.02) per share and revenue of $237.14 million for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

ADTRAN Stock Down 1.5 %

Shares of ADTRAN stock traded down $0.18 during midday trading on Thursday, hitting $11.53. The company's stock had a trading volume of 730,303 shares, compared to its average volume of 1,139,576. The firm has a market capitalization of $914.44 million, a P/E ratio of -1.77 and a beta of 1.29. ADTRAN has a 1-year low of $4.34 and a 1-year high of $12.16. The company has a quick ratio of 1.17, a current ratio of 2.10 and a debt-to-equity ratio of 0.89. The stock has a 50-day simple moving average of $9.84 and a 200-day simple moving average of $7.58.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ADTN shares. Needham & Company LLC restated a "buy" rating and set a $11.00 price objective on shares of ADTRAN in a research report on Thursday, January 16th. Craig Hallum initiated coverage on shares of ADTRAN in a report on Wednesday, January 8th. They set a "buy" rating and a $15.00 price target for the company. Rosenblatt Securities upped their price objective on shares of ADTRAN from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Finally, Northland Securities increased their target price on shares of ADTRAN from $9.00 to $10.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $12.75.

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.