ADTRAN (ADTN) to Release Earnings on Monday

ADTRAN (NASDAQ:ADTN) is set to post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect ADTRAN to post earnings of ($0.08) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

ADTRAN (NASDAQ:ADTN) last announced its earnings results on Monday, February 26th. The communications equipment provider reported ($1.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.01). ADTRAN had a negative net margin of 21.80% and a negative return on equity of 15.65%. The business had revenue of $225.48 million during the quarter, compared to the consensus estimate of $232.45 million. On average, analysts expect ADTRAN to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ADTRAN Price Performance

NASDAQ:ADTN opened at $4.74 on Friday. ADTRAN has a 52 week low of $4.34 and a 52 week high of $11.02. The company has a quick ratio of 1.34, a current ratio of 2.64 and a debt-to-equity ratio of 0.33. The firm’s 50-day simple moving average is $5.29 and its 200 day simple moving average is $6.11.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $8.00 price target on shares of ADTRAN in a research report on Wednesday, April 17th. StockNews.com upgraded shares of ADTRAN to a “sell” rating in a research note on Wednesday, March 6th. Finally, Rosenblatt Securities reduced their price target on shares of ADTRAN from $8.00 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.50.

ADTRAN Company Profile

ADTRAN Holdings, Inc, through its subsidiaries, provides networking and communications platforms, software, systems, and services in the United States, Germany, the United Kingdom, and internationally. It operates through two segments, Network Solutions, and Services & Support. It offers residential gateways; ethernet passive optical network ONUs; gigabit passive optical network/XGS-PON ONTs; traditional SSE, routers, and switches; edge cloud; carrier ethernet network interface devices; Optical Line Terminals; Packet Aggregation, Copper Access, and Oscilloquartz; optical transport and engine solutions; infrastructure monitoring solution; and training, professional, software, and managed services.