ADTRAN (ADTN) Getting Somewhat Positive News Coverage, Report Shows
Headlines about ADTRAN (NASDAQ:ADTN) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ADTRAN earned a news impact score of 0.18 on Accern’s scale. Accern also gave media coverage about the communications equipment provider an impact score of 45.4602231711725 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
- ADTRAN Mosaic members share vision for open, programmable networks (financial-news.co.uk)
- ADTRAN, Inc. to present at the MKM Partners Entertainment, Travel & Technology Conference in New York City on November 16, 2017 (finance.yahoo.com)
- ADTRAN Mosaic Open Network Alliance Members Share Common Vision for Open, Programmable Networks (finance.yahoo.com)
- ADTRAN, Inc. to present at the Needham Networking & Security Conference in New York City on November 14, 2017 (finance.yahoo.com)
- ADTRAN Gigabit-to-the-Basement wins award for best fixed access solution (financial-news.co.uk)
Several equities analysts recently issued reports on ADTN shares. Zacks Investment Research cut shares of ADTRAN from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. BidaskClub upgraded shares of ADTRAN from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Northland Securities reiterated a “buy” rating on shares of ADTRAN in a research note on Friday, July 21st. Needham & Company LLC boosted their target price on shares of ADTRAN from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $18.00 target price (up from $16.00) on shares of ADTRAN in a research note on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.29.
ADTRAN (NASDAQ:ADTN) traded up $0.10 during trading on Friday, hitting $20.85. 397,530 shares of the stock were exchanged, compared to its average volume of 399,610. ADTRAN has a fifty-two week low of $17.90 and a fifty-two week high of $25.10. The stock has a market capitalization of $996.61, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 2.37 and a beta of 0.71. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.36 and a quick ratio of 2.43.
ADTRAN (NASDAQ:ADTN) last released its earnings results on Tuesday, October 17th. The communications equipment provider reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.13. ADTRAN had a net margin of 6.05% and a return on equity of 9.05%. The business had revenue of $185.11 million during the quarter, compared to analyst estimates of $185.43 million. equities analysts expect that ADTRAN will post 0.88 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, October 31st. ADTRAN’s payout ratio is 40.45%.
In related news, SVP Raymond R. Schansman sold 48,056 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $21.70, for a total value of $1,042,815.20. Following the completion of the sale, the senior vice president now owns 11,658 shares of the company’s stock, valued at $252,978.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin P. Heering sold 9,809 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $21.60, for a total transaction of $211,874.40. Following the completion of the sale, the senior vice president now directly owns 10,162 shares of the company’s stock, valued at approximately $219,499.20. The disclosure for this sale can be found here. Corporate 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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