ADTRAN (ADTN) Receiving Somewhat Favorable News Coverage, Analysis Shows
Media coverage about ADTRAN (NASDAQ:ADTN) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. ADTRAN earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news headlines about the communications equipment provider an impact score of 48.1470030004598 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- ADTRAN earnings up 28% for Q3 2017 (financial-news.co.uk)
- ADTRAN Demonstrates Industry’s Most Open and Comprehensive SD-Access Portfolio at Broadband World Forum 2017 (finance.yahoo.com)
- ADTRAN, Inc. (ADTN) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Q1 2018 EPS Estimates for ADTRAN, Inc. (ADTN) Lowered by Jefferies Group (americanbankingnews.com)
- ADTRAN, Inc. : Earnings Review and Free Research Report: ADTRAN’s Sales Increased 9.6%; Adjusted EPS Soared 42% (4-traders.com)
Several equities research analysts recently commented on ADTN shares. Zacks Investment Research upgraded shares of ADTRAN from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a research report on Friday, July 21st. Northland Securities restated a “buy” rating on shares of ADTRAN in a research report on Friday, July 21st. BidaskClub downgraded shares of ADTRAN from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Needham & Company LLC upped their price target on shares of ADTRAN from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. Finally, Cowen and Company restated a “market perform” rating and issued a $18.00 price target (up previously from $16.00) on shares of ADTRAN in a research report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.29.
ADTRAN (NASDAQ ADTN) traded down 1.59% on Monday, reaching $21.60. 386,070 shares of the company’s stock traded hands. The stock’s 50 day moving average is $23.06 and its 200 day moving average is $21.41. ADTRAN has a 52-week low of $17.55 and a 52-week high of $25.10. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 24.55 and a beta of 0.75.
ADTRAN (NASDAQ:ADTN) last announced its quarterly earnings results on Tuesday, October 17th. The communications equipment provider reported $0.37 earnings per share for the quarter, beating 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 firm had revenue of $185.11 million for the quarter, compared to analyst estimates of $185.43 million. On average, equities research analysts predict that ADTRAN will post $0.86 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Tuesday, October 31st. ADTRAN’s payout ratio is currently 40.45%.
In other ADTRAN news, SVP Michael Foliano sold 24,000 shares of ADTRAN stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $23.77, for a total value of $570,480.00. Following the transaction, the senior vice president now owns 5,417 shares of the company’s stock, valued at $128,762.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.96% of the company’s stock.
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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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