ADTRAN (ADTN) Given News Impact Rating of 0.15
News headlines about ADTRAN (NASDAQ:ADTN) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ADTRAN earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 45.6308062432435 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- ADTRAN, Inc. (ADTN) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- NextEra Energy, Inc. (NEE) Position Decreased by LS Investment Advisors LLC (campdesrecrues.com)
- Why ADTRAN (ADTN) Could Be Positioned for a Surge (finance.yahoo.com)
- See what the IHS Markit Score report has to say about ADTRAN Inc. (finance.yahoo.com)
- ADTRAN, Inc. :ADTN-US: Earnings Analysis: Q2, 2017 By the Numbers : August 7, 2017 (finance.yahoo.com)
Shares of ADTRAN (ADTN) opened at 21.80 on Friday. The firm has a 50-day moving average price of $21.69 and a 200-day moving average price of $20.93. ADTRAN has a 52 week low of $17.55 and a 52 week high of $24.05. The stock has a market cap of $1.04 billion, a PE ratio of 27.22 and a beta of 0.65.
ADTRAN (NASDAQ:ADTN) last announced its quarterly earnings results on Tuesday, July 18th. The communications equipment provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.11. The business had revenue of $184.67 million for the quarter, compared to the consensus estimate of $183.05 million. ADTRAN had a return on equity of 8.39% and a net margin of 5.68%. During the same quarter last year, the business posted $0.21 EPS. On average, analysts forecast that ADTRAN will post $0.81 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Thursday, August 3rd will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Tuesday, August 1st. ADTRAN’s dividend payout ratio (DPR) is 43.90%.
A number of brokerages have recently commented on ADTN. Needham & Company LLC boosted their price objective on ADTRAN from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday. Northland Securities reissued a “buy” rating on shares of ADTRAN in a research report on Friday, July 21st. Argus upgraded ADTRAN from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, April 20th. MKM Partners restated a “buy” rating and set a $26.50 target price (down previously from $27.50) on shares of ADTRAN in a research note on Monday, April 24th. Finally, Cowen and Company restated a “market perform” rating and set a $18.00 target price (up previously from $16.00) on shares of ADTRAN in a research note on Saturday, July 22nd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. ADTRAN has an average rating of “Buy” and a consensus target price of $23.57.
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In related news, SVP Michael Foliano sold 24,000 shares of the firm’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 value of $570,480.00. Following the sale, 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 document filed with the SEC, which is available at the SEC website. Company insiders own 2.96% of the company’s stock.
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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