Northland Capmk Issues Negative Forecast for ADTRAN Earnings

ADTRAN Holdings, Inc. (NASDAQ:ADTN) – Investment analysts at Northland Capmk cut their FY2025 EPS estimates for shares of ADTRAN in a report issued on Wednesday, August 6th. Northland Capmk analyst T. Savageaux now anticipates that the communications equipment provider will post earnings of $0.04 per share for the year, down from their previous estimate of $0.05. The consensus estimate for ADTRAN’s current full-year earnings is ($0.50) per share.

ADTRAN (NASDAQ:ADTN) last released its quarterly earnings data on Monday, August 4th. The communications equipment provider reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.27). The firm had revenue of $265.07 million for the quarter, compared to analyst estimates of $255.57 million. ADTRAN had a negative return on equity of 10.09% and a negative net margin of 11.02%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.24) earnings per share.

A number of other analysts also recently issued reports on ADTN. Rosenblatt Securities cut their price objective on shares of ADTRAN from $15.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Wall Street Zen cut shares of ADTRAN from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Wolfe Research started coverage on shares of ADTRAN in a research report on Monday, July 7th. They set a “peer perform” rating for the company. Finally, Needham & Company LLC decreased their price objective on shares of ADTRAN from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, ADTRAN currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

ADTRAN Stock Down 1.4%

Shares of ADTN opened at $8.59 on Monday. ADTRAN has a 52 week low of $4.66 and a 52 week high of $12.44. The firm has a market cap of $687.03 million, a P/E ratio of -6.56 and a beta of 1.30. The firm’s 50-day simple moving average is $8.81 and its 200 day simple moving average is $8.93. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.19 and a current ratio of 1.96.

Hedge Funds Weigh In On ADTRAN

A number of large investors have recently modified their holdings of the company. SG Capital Management LLC bought a new stake in shares of ADTRAN in the 2nd quarter worth approximately $7,601,000. Creative Planning raised its holdings in ADTRAN by 5.7% during the 2nd quarter. Creative Planning now owns 63,774 shares of the communications equipment provider’s stock valued at $572,000 after buying an additional 3,424 shares during the last quarter. SG Americas Securities LLC increased its position in ADTRAN by 1.4% during the 2nd quarter. SG Americas Securities LLC now owns 237,207 shares of the communications equipment provider’s stock valued at $2,128,000 after purchasing an additional 3,370 shares during the period. Police & Firemen s Retirement System of New Jersey increased its position in ADTRAN by 19.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 19,531 shares of the communications equipment provider’s stock valued at $175,000 after purchasing an additional 3,217 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of ADTRAN by 65.8% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 277,820 shares of the communications equipment provider’s stock worth $2,492,000 after buying an additional 110,230 shares during the period. 80.56% of the stock is currently owned by institutional investors.

ADTRAN Company Profile

ADTRAN Holdings, Inc, through its subsidiaries, provides networking and communications platforms, software, systems, and services in the United States, Germany, the United Kingdom, and internationally. It operates through two segments, Network Solutions, and Services & Support. It offers residential gateways; ethernet passive optical network ONUs; gigabit passive optical network/XGS-PON ONTs; traditional SSE, routers, and switches; edge cloud; carrier ethernet network interface devices; Optical Line Terminals; Packet Aggregation, Copper Access, and Oscilloquartz; optical transport and engine solutions; infrastructure monitoring solution; and training, professional, software, and managed services.