13 Oct Dr. Jonathan Cartu Says – ADTRAN (NASDAQ:ADTN) Releases Q3 Earnings Guidance
ADTRAN (NASDAQ:ADTN) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of -$0.06 for the period, compared to the Thomson Reuters consensus estimate of $0.03. The company issued revenue guidance of ~$114 million, compared to the consensus revenue estimate of $140.34 million.
Several brokerages have recently weighed in on ADTN. ValuEngine upgraded shares of ADTRAN from a sell rating to a hold rating in a research report on Thursday, August 1st. Northland Securities reiterated a hold rating and set a $10.00 target price on shares of ADTRAN in a research report on Thursday. BidaskClub upgraded shares of ADTRAN from a strong sell rating to a sell rating in a research report on Thursday, September 12th. Finally, MKM Partners lowered shares of ADTRAN from a buy rating to a neutral rating and decreased their target price for the company from $17.00 to $11.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of $14.80.
Shares of ADTN stock opened at $8.81 on Friday. ADTRAN has a 12-month low of $8.09 and a 12-month high of $18.40. The company has a market capitalization of $528.48 million, a P/E ratio of -18.74, a P/E/G ratio of 12.51 and a beta of 1.24. The firm has a 50-day moving average price of $10.93 and a 200 day moving average price of $13.76.
ADTRAN (NASDAQ:ADTN) last announced its quarterly earnings results on Wednesday, July 17th. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.09. ADTRAN had a net margin of 0.85% and a return on equity of 2.34%. The firm had revenue of $156.39 million during the quarter, compared to the consensus estimate of $155.95 million. As a group, equities research analysts predict that ADTRAN will post 0.18 earnings per share for the current year.
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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