ADTRAN (ADTN) Set to Announce Earnings on Wednesday

ADTRAN (NASDAQ:ADTN) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect ADTRAN to post earnings of ($0.02) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

ADTRAN (NASDAQ:ADTN) last announced its quarterly earnings results on Monday, August 5th. The communications equipment provider reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.14). The company had revenue of $225.99 million during the quarter, compared to analyst estimates of $225.95 million. ADTRAN had a negative net margin of 58.64% and a negative return on equity of 29.26%. On average, analysts expect ADTRAN to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ADTRAN Price Performance

Shares of NASDAQ ADTN opened at $6.18 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.31 and a quick ratio of 1.31. The stock has a market capitalization of $489.64 million, a price-to-earnings ratio of -0.87 and a beta of 1.20. The firm’s 50 day simple moving average is $5.78 and its 200-day simple moving average is $5.48. ADTRAN has a 12 month low of $4.34 and a 12 month high of $7.66.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 price objective on shares of ADTRAN in a report on Thursday, August 8th. StockNews.com upgraded ADTRAN from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $6.00 price objective on shares of ADTRAN in a report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $7.17.

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.