ADTRAN (ADTN) Earning Somewhat Favorable Media Coverage, Report Finds
Media coverage about ADTRAN (NASDAQ:ADTN) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. ADTRAN earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 45.9696438576753 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Traders Purchase Large Volume of ADTRAN Put Options (ADTN) (americanbankingnews.com)
- ADTRAN, Inc. breached its 50 day moving average in a Bearish Manner : ADTN-US : January 1, 2018 (finance.yahoo.com)
- ADTRAN (ADTN) versus TESSCO Technologies (TESS) Head-To-Head Contrast (americanbankingnews.com)
- ADTRAN (ADTN) Downgraded by BidaskClub to Sell (americanbankingnews.com)
- U2 tops list of highest grossing 2017 tours (nismagazine.com)
Several research firms have commented on ADTN. Zacks Investment Research cut shares of ADTRAN from a “hold” rating to a “sell” rating in a research note on Thursday. BidaskClub cut shares of ADTRAN from a “hold” rating to a “sell” rating in a research note on Saturday, December 30th. Cowen reissued a “hold” rating and set a $16.00 target price on shares of ADTRAN in a research note on Friday, December 29th. MKM Partners lowered their target price on shares of ADTRAN from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, December 29th. Finally, Northland Securities set a $28.00 target price on shares of ADTRAN and gave the company a “buy” rating in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.79.
ADTRAN (NASDAQ ADTN) traded up $0.05 during trading on Friday, reaching $19.30. 508,499 shares of the company’s stock traded hands, compared to its average volume of 403,965. The firm has a market cap of $926.88, a PE ratio of 21.69, a price-to-earnings-growth ratio of 2.79 and a beta of 0.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.43 and a current ratio of 3.36. ADTRAN has a 52-week low of $18.65 and a 52-week high of $25.10.
ADTRAN (NASDAQ:ADTN) last announced its quarterly earnings data on Tuesday, October 17th. The communications equipment provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.13. The company had revenue of $185.11 million for the quarter, compared to analysts’ expectations of $185.43 million. ADTRAN had a net margin of 6.05% and a return on equity of 9.05%. equities research analysts anticipate that ADTRAN will post 0.78 earnings per share for the current year.
In other news, SVP Kevin P. Heering sold 9,809 shares of ADTRAN stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $21.60, for a total value of $211,874.40. Following the transaction, the senior vice president now owns 10,162 shares of the company’s stock, valued at approximately $219,499.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Raymond R. Schansman sold 48,056 shares of ADTRAN stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $21.70, for a total transaction of $1,042,815.20. Following the completion of the transaction, the senior vice president now directly owns 11,658 shares in the company, valued at approximately $252,978.60. The disclosure for this sale can be found here. 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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