ADTRAN (ADTN) Set to Announce Quarterly Earnings on Wednesday

ADTRAN (NASDAQ:ADTN) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.02) 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 issued its earnings results on Monday, August 5th. The communications equipment provider reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.14). ADTRAN had a negative net margin of 58.64% and a negative return on equity of 29.26%. The business had revenue of $225.99 million during the quarter, compared to analyst estimates of $225.95 million. On average, analysts expect ADTRAN to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ADTRAN Stock Up 0.3 %

Shares of NASDAQ ADTN opened at $6.20 on Tuesday. ADTRAN has a 52-week low of $4.34 and a 52-week high of $7.66. The business’s 50 day moving average is $5.78 and its two-hundred day moving average is $5.49. The firm has a market cap of $491.24 million, a price-to-earnings ratio of -0.88 and a beta of 1.20. The company has a quick ratio of 1.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.86.

Analysts Set New Price Targets

Several analysts have recently commented on ADTN shares. Needham & Company LLC restated a “buy” rating and issued a $8.00 target price on shares of ADTRAN in a research note on Thursday, August 8th. Rosenblatt Securities reissued a “neutral” rating and set a $6.00 price objective on shares of ADTRAN in a research note on Wednesday, August 7th. Finally, StockNews.com raised shares of ADTRAN from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.17.

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.