ADTRAN (ADTN) to Release Quarterly Earnings on Wednesday

ADTRAN (NASDAQ:ADTN) will announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

ADTN opened at $9.35 on Wednesday. The firm has a market cap of $460.57 million, a P/E ratio of -19.89, a price-to-earnings-growth ratio of 41.27 and a beta of 1.24. ADTRAN has a 52-week low of $8.09 and a 52-week high of $17.81. The business’s fifty day moving average is $10.70 and its 200-day moving average is $13.49.

Several analysts have recently issued reports on ADTN shares. Northland Securities reissued a “hold” rating and set a $10.00 target price on shares of ADTRAN in a report on Thursday, October 10th. ValuEngine raised ADTRAN from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. MKM Partners lowered ADTRAN from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $17.00 to $11.00 in a research note on Thursday, October 10th. Zacks Investment Research lowered ADTRAN from a “buy” rating to a “hold” rating and set a $10.00 price objective on the stock. in a research note on Monday, October 14th. Finally, BidaskClub raised ADTRAN from a “strong sell” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $12.00.

In related news, VP Roger D. Shannon sold 6,200 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $9.71, for a total value of $60,202.00. Following the sale, the vice president now directly owns 12,809 shares of the company’s stock, valued at $124,375.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.52% of the company’s stock.

About ADTRAN

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.

See Also: Current Ratio

Earnings History for ADTRAN (NASDAQ:ADTN)

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