ADTRAN (ADTN) Given Daily News Impact Rating of 0.11
News coverage about ADTRAN (NASDAQ:ADTN) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ADTRAN earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the communications equipment provider an impact score of 46.395761547918 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several analysts recently commented on the stock. Zacks Investment Research cut shares of ADTRAN from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Northland Securities restated a “buy” rating and set a $28.00 price target on shares of ADTRAN in a report on Tuesday, September 5th. BidaskClub upgraded shares of ADTRAN from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Needham & Company LLC raised their price target on shares of ADTRAN from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Finally, Cowen and Company restated a “market perform” rating and set a $18.00 price target (up from $16.00) on shares of ADTRAN in a report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. ADTRAN currently has an average rating of “Hold” and a consensus price target of $24.14.
ADTRAN (ADTN) traded up 0.62% during mid-day trading on Wednesday, reaching $24.45. 228,844 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $22.76 and a 200 day moving average price of $21.24. The company has a market cap of $1.17 billion, a PE ratio of 30.52 and a beta of 0.75. ADTRAN has a 52-week low of $17.55 and a 52-week high of $24.60.
ADTRAN (NASDAQ:ADTN) last released its quarterly earnings results on Tuesday, July 18th. The communications equipment provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.11. ADTRAN had a return on equity of 8.39% and a net margin of 5.68%. 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 prior year, the firm posted $0.21 EPS. Equities analysts predict that ADTRAN will post $0.85 earnings per share for the current fiscal year.
In other ADTRAN news, SVP Michael Foliano sold 24,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $23.77, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.96% of the company’s stock.
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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