Adtran (ADTN) Set to Announce Earnings on Wednesday
Adtran (NASDAQ:ADTN) is scheduled to release its Q313 earnings data on Wednesday, October 9th. Analysts expect Adtran to post earnings of $0.22 per share and revenue of $175.10 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Adtran (NASDAQ:ADTN) opened at 26.98 on Tuesday. Adtran has a one year low of $15.38 and a one year high of $27.92. The stock has a 50-day moving average of $26.11 and a 200-day moving average of $23.96. The company has a market cap of $1.571 billion and a P/E ratio of 54.19.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Adtran from an “outperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $28.00 price target on the stock. On a related note, analysts at MKM Partners raised their price target on shares of Adtran from $22.00 to $24.00 in a research note to investors on Thursday, September 12th. They now have a “neutral” rating on the stock. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $20.88.
ADTRAN, Inc designs, manufactures and markets solutions and provides services and support for communications networks.
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