ADTRAN (ADTN) Scheduled to Post Earnings on Monday

ADTRAN (NASDAQ:ADTN) will be posting its quarterly earnings results after the market closes on Monday, August 5th. Analysts expect ADTRAN to post earnings of ($0.10) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

ADTRAN (NASDAQ:ADTN) last issued its earnings results on Tuesday, May 7th. The communications equipment provider reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.05. ADTRAN had a negative net margin of 51.42% and a negative return on equity of 18.98%. The company had revenue of $226.17 million for the quarter, compared to analysts’ expectations of $223.00 million. On average, analysts expect ADTRAN to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ADTRAN Trading Down 5.3 %

Shares of ADTN stock opened at $6.08 on Friday. ADTRAN has a 12-month low of $4.34 and a 12-month high of $9.29. The company has a current ratio of 2.46, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73. The firm’s 50 day moving average is $5.55 and its 200 day moving average is $5.64. The stock has a market capitalization of $481.05 million, a P/E ratio of -0.88 and a beta of 1.21.

Analyst Ratings Changes

Several research analysts have recently weighed in on ADTN shares. Needham & Company LLC reiterated a “buy” rating and set a $8.00 price target on shares of ADTRAN in a research note on Monday, May 20th. StockNews.com cut shares of ADTRAN from a “hold” rating to a “sell” rating in a research note on Thursday, July 25th. Northland Capmk upgraded shares of ADTRAN from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 8th. Finally, Northland Securities upgraded shares of ADTRAN from a “market perform” rating to an “outperform” rating and set a $7.50 price target on the stock in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.67.

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.