News headlines about ADTRAN (NASDAQ:ADTN) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ADTRAN earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 47.3595702838418 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s analysis:
- ADTRAN (ADTN) PT Raised to $22.00 (americanbankingnews.com)
- ADTRAN (ADTN) Lifted to Neutral at Bank of America (americanbankingnews.com)
- ADTRAN Empowers Services Providers with Simple, Smart, Adaptable Enterprise-Class Wi-Fi (finance.yahoo.com)
- ADTRAN Sees Unusually High Options Volume (ADTN) (americanbankingnews.com)
- Reviewing ADTRAN (ADTN) and Akoustis Technologies (AKTS) (americanbankingnews.com)
Shares of ADTRAN stock traded down $0.05 during trading hours on Friday, reaching $18.75. The company had a trading volume of 231,487 shares, compared to its average volume of 204,589. ADTRAN has a one year low of $13.95 and a one year high of $25.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.93 and a quick ratio of 1.90. The firm has a market capitalization of $885.56 million, a P/E ratio of 21.07 and a beta of 0.58.
ADTRAN (NASDAQ:ADTN) last posted its quarterly earnings data on Tuesday, July 17th. The communications equipment provider reported ($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.15. ADTRAN had a negative return on equity of 0.56% and a negative net margin of 2.15%. The company had revenue of $128.05 million during the quarter, compared to analyst estimates of $127.80 million. During the same quarter last year, the company earned $0.26 earnings per share. sell-side analysts expect that ADTRAN will post -0.44 earnings per share for the current fiscal year.
ADTN has been the subject of several analyst reports. ValuEngine raised ADTRAN from a “sell” rating to a “hold” rating in a research note on Saturday, July 14th. Bank of America raised ADTRAN from an “underperform” rating to a “neutral” rating in a research report on Thursday. MKM Partners increased their price target on ADTRAN from $21.00 to $22.00 in a research report on Thursday. BidaskClub raised ADTRAN from a “hold” rating to a “buy” rating in a research report on Wednesday, July 18th. Finally, Northland Securities downgraded ADTRAN from an “outperform” rating to a “market perform” rating and set a $17.00 price target for the company. in a research report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $19.04.
ADTRAN Company Profile
ADTRAN, Inc provides networking and communications equipment worldwide. The company operates through two segments, Network Solutions and Services & Support. It offers access and aggregation solutions, including network management and subscriber services control and orchestration software within a SD-access architecture; SDN-controlled programmable network elements; fiber to the premises and fiber to the node (FTTN) multi-service access nodes (MSAN); fiber aggregation and FTTN MSAN; fiber to the distribution point optical network units; optical line terminals; optical networking edge aggregation; and IP digital subscriber line access multiplexers.
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