ADTRAN (ADTN) to Release Earnings on Monday

ADTRAN (NASDAQ:ADTN) is expected to be posting its quarterly earnings results after the market closes on Monday, February 24th. Analysts expect ADTRAN to post earnings of ($0.02) per share and revenue of $237.14 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

ADTRAN Stock Performance

NASDAQ ADTN opened at $11.65 on Monday. The company has a quick ratio of 1.17, a current ratio of 2.10 and a debt-to-equity ratio of 0.89. ADTRAN has a 52-week low of $4.34 and a 52-week high of $12.16. The business’s 50-day moving average price is $9.66 and its 200 day moving average price is $7.48. The firm has a market cap of $923.96 million, a P/E ratio of -1.79 and a beta of 1.29.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Craig Hallum initiated coverage on ADTRAN in a report on Wednesday, January 8th. They set a “buy” rating and a $15.00 price target on the stock. Rosenblatt Securities raised their price objective on shares of ADTRAN from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Needham & Company LLC restated a “buy” rating and issued a $11.00 price objective on shares of ADTRAN in a research report on Thursday, January 16th. Finally, Northland Securities raised their price objective on shares of ADTRAN from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $12.75.

About ADTRAN

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.