ADTRAN (ADTN) Scheduled to Post Earnings on Wednesday

ADTRAN (NASDAQ:ADTN) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Parties interested in registering for 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) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.14). The company had revenue of $225.99 million during the quarter, compared to analysts’ expectations of $225.95 million. ADTRAN had a negative net margin of 58.64% and a negative return on equity of 29.26%. On average, analysts expect ADTRAN to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ADTRAN Stock Performance

ADTRAN stock opened at $6.20 on Tuesday. The company has a market capitalization of $491.24 million, a price-to-earnings ratio of -0.88 and a beta of 1.20. ADTRAN has a fifty-two week low of $4.34 and a fifty-two week high of $7.66. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 2.31. The stock has a fifty day moving average of $5.78 and a two-hundred day moving average of $5.49.

Analyst Ratings Changes

ADTN has been the subject of a number of recent analyst reports. StockNews.com raised shares of ADTRAN from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and set a $8.00 target price on shares of ADTRAN in a research note on Thursday, August 8th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $6.00 target price on shares of ADTRAN in a research report on Wednesday, August 7th. Three research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.17.

About ADTRAN

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.