ADTRAN (ADTN) Receiving Somewhat Favorable News Coverage, Study Shows

News coverage about ADTRAN (NASDAQ:ADTN) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ADTRAN earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 46.4963397012981 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

A number of equities research analysts have issued reports on ADTN shares. Northland Securities restated a “buy” rating and set a $28.00 price target on shares of ADTRAN in a research note on Tuesday, September 5th. Zacks Investment Research downgraded ADTRAN from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, BidaskClub upgraded ADTRAN from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $24.29.

ADTRAN (NASDAQ ADTN) opened at $21.90 on Monday. ADTRAN has a 12-month low of $18.92 and a 12-month high of $25.10. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.43 and a current ratio of 3.36. The firm has a market capitalization of $1,054.48, a PE ratio of 23.80, a PEG ratio of 2.49 and a beta of 0.77.

ADTRAN (NASDAQ:ADTN) last posted its quarterly earnings data on Tuesday, October 17th. The communications equipment provider reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.13. ADTRAN had a return on equity of 9.05% and a net margin of 6.05%. The firm had revenue of $185.11 million for the quarter, compared to analysts’ expectations of $185.43 million. sell-side analysts predict that ADTRAN will post 0.88 earnings per share for the current year.

In other news, SVP Raymond R. Schansman sold 48,056 shares of ADTRAN stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $21.70, for a total transaction of $1,042,815.20. Following the transaction, the senior vice president now directly owns 11,658 shares of the company’s stock, valued at approximately $252,978.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kevin P. Heering sold 9,809 shares of ADTRAN stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $21.60, for a total value of $211,874.40. Following the transaction, the senior vice president now directly owns 10,162 shares in the company, valued at $219,499.20. The disclosure for this sale can be found here. 2.96% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for ADTRAN (NASDAQ:ADTN)

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