ADTRAN (ADTN) Getting Positive Media Coverage, Study Finds

Media coverage about ADTRAN (NASDAQ:ADTN) has been trending positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. ADTRAN earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 45.9391881523799 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

A number of equities research analysts recently commented on the company. Northland Securities reiterated a “buy” rating and issued a $23.00 target price on shares of ADTRAN in a research report on Thursday, January 18th. Jefferies Group reiterated a “hold” rating and issued a $17.25 target price on shares of ADTRAN in a research report on Thursday, January 18th. TheStreet lowered ADTRAN from a “b” rating to a “c+” rating in a research report on Wednesday, January 17th. Goldman Sachs Group upgraded ADTRAN from a “sell” rating to a “neutral” rating and set a $17.00 target price on the stock in a research report on Monday, January 15th. Finally, BidaskClub upgraded ADTRAN from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.41.

Shares of ADTRAN (NASDAQ:ADTN) traded down $0.25 during midday trading on Tuesday, reaching $16.25. The company had a trading volume of 478,100 shares, compared to its average volume of 659,126. The stock has a market capitalization of $782.43, a price-to-earnings ratio of 32.50, a P/E/G ratio of 3.39 and a beta of 0.57. ADTRAN has a 52-week low of $15.65 and a 52-week high of $25.10. The company has a current ratio of 3.98, a quick ratio of 2.79 and a debt-to-equity ratio of 0.05.

ADTRAN (NASDAQ:ADTN) last announced its quarterly earnings results on Tuesday, January 16th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. ADTRAN had a return on equity of 7.95% and a net margin of 3.58%. The company had revenue of $126.52 million during the quarter, compared to the consensus estimate of $125.90 million. sell-side analysts anticipate that ADTRAN will post 0.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Tuesday, January 30th. ADTRAN’s payout ratio is presently 72.00%.

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ADTRAN Company Profile

ADTRAN, Inc (ADTRAN) is a provider of networking and communications equipment. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It operates through two segments: Network Solutions and Services & Support. Network Solutions includes software and hardware products that enable CSPs and enterprise customers to realize a fully connected world.

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