ADTRAN (ADTN) Receiving Positive Media Coverage, Accern Reports

Media stories about ADTRAN (NASDAQ:ADTN) have been trending positive on Saturday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ADTRAN earned a daily sentiment score of 0.28 on Accern’s scale. Accern also assigned media stories about the communications equipment provider an impact score of 46.2358520311158 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

A number of equities analysts have weighed in on the company. BidaskClub raised ADTRAN from a “strong sell” rating to a “sell” rating in a research report on Friday, March 9th. ValuEngine downgraded ADTRAN from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Northland Securities reissued a “buy” rating and set a $23.00 price target on shares of ADTRAN in a research report on Thursday, January 18th. Jefferies Group reissued a “hold” rating and set a $17.25 price target on shares of ADTRAN in a research report on Thursday, January 18th. Finally, Cowen reissued a “hold” rating and set a $16.00 price target on shares of ADTRAN in a research report on Friday, December 29th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. ADTRAN has a consensus rating of “Hold” and an average target price of $21.41.

Shares of ADTRAN (NASDAQ:ADTN) traded down $0.40 during midday trading on Friday, reaching $15.90. The company’s stock had a trading volume of 927,305 shares, compared to its average volume of 554,150. The firm has a market capitalization of $789.31, a P/E ratio of 31.80, a PEG ratio of 3.02 and a beta of 0.56. The company has a current ratio of 3.87, a quick ratio of 2.72 and a debt-to-equity ratio of 0.05. ADTRAN has a 1 year low of $15.25 and a 1 year high of $25.10.

ADTRAN (NASDAQ:ADTN) last issued its quarterly earnings data on Tuesday, January 16th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. ADTRAN had a return on equity of 7.95% and a net margin of 3.58%. The company had revenue of $126.52 million during the quarter, compared to analysts’ expectations of $125.90 million. equities analysts forecast that ADTRAN will post 0.54 EPS for the current fiscal year.

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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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