News headlines about ADTRAN (NASDAQ:ADTN) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ADTRAN earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the communications equipment provider an impact score of 46.1236193387755 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
- ADTRAN, Ting Internet Perform Smart Gigabit Connectivity for In-Home Healthcare (financial-news.co.uk)
- Zacks: Brokerages Expect ADTRAN, Inc. (ADTN) Will Post Quarterly Sales of $185.19 Million (americanbankingnews.com)
- ADTRAN, Inc. (ADTN) Cut to “Hold” at Zacks Investment Research (americanbankingnews.com)
- ADTRAN and Ting Internet Perform Smart Gigabit Magic for In-Home Healthcare (finance.yahoo.com)
- First Week Of October 20th Options Trading For Adtran (ADTN) (thestreet.com)
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of ADTRAN from a “buy” rating to a “hold” rating in a report on Tuesday. Northland Securities reissued a “buy” rating and issued a $28.00 price objective on shares of ADTRAN in a report on Tuesday, September 5th. BidaskClub raised shares of ADTRAN from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Needham & Company LLC upped their price objective on shares of ADTRAN from $25.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Finally, Cowen and Company reissued a “market perform” rating and issued a $18.00 price objective (up previously from $16.00) on shares of ADTRAN in a report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $24.14.
Shares of ADTRAN (ADTN) traded up 0.89% during midday trading on Friday, hitting $22.65. 145,650 shares of the company were exchanged. The company has a 50-day moving average price of $22.11 and a 200-day moving average price of $20.97. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 28.28 and a beta of 0.68. ADTRAN has a 52-week low of $17.55 and a 52-week high of $24.05.
ADTRAN (NASDAQ:ADTN) last announced its earnings results on Tuesday, July 18th. The communications equipment provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.11. ADTRAN had a net margin of 6.72% and a return on equity of 10.30%. The firm had revenue of $184.67 million during the quarter, compared to the consensus estimate of $183.05 million. During the same quarter in the previous year, the company posted $0.21 EPS. On average, analysts forecast that ADTRAN will post $0.85 EPS for the current year.
In related news, SVP Michael Foliano sold 24,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $23.77, for a total value of $570,480.00. Following the completion of the transaction, the senior vice president now owns 5,417 shares of the company’s stock, valued at approximately $128,762.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.96% of the company’s stock.
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ADTRAN Company Profile
ADTRAN, Inc (ADTRAN) is a provider of networking and communications equipment. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It operates through two segments: Network Solutions and Services & Support. Network Solutions includes software and hardware products that enable CSPs and enterprise customers to realize a fully connected world.
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