ADTRAN (NASDAQ:ADTN) Receives “Buy” Rating from B. Riley Financial

B. Riley Financial reissued their buy rating on shares of ADTRAN (NASDAQ:ADTN) in a research report report published on Thursday,Benzinga reports. B. Riley Financial currently has a $21.00 target price on the communications equipment provider’s stock, down from their prior target price of $23.00.

Several other research analysts have also commented on the company. Evercore started coverage on ADTRAN in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price target for the company. Needham & Company LLC decreased their price objective on ADTRAN from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday. Northland Securities set a $18.00 price objective on ADTRAN in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ADTRAN in a research note on Tuesday, June 30th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 target price on shares of ADTRAN in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.20.

ADTRAN Price Performance

ADTRAN stock opened at $10.15 on Thursday. The company has a market cap of $826.72 million, a price-to-earnings ratio of -26.03 and a beta of 1.44. The firm’s fifty day moving average is $14.40 and its 200 day moving average is $12.76. The company has a quick ratio of 1.18, a current ratio of 1.77 and a debt-to-equity ratio of 1.59. ADTRAN has a 52-week low of $7.11 and a 52-week high of $19.98.

ADTRAN (NASDAQ:ADTN) last released its quarterly earnings data on Tuesday, May 5th. The communications equipment provider reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. ADTRAN had a negative net margin of 3.18% and a positive return on equity of 10.94%. The business had revenue of $286.09 million during the quarter, compared to analyst estimates of $285.48 million. During the same quarter last year, the business earned $0.03 earnings per share. ADTRAN’s quarterly revenue was up 15.5% compared to the same quarter last year. Sell-side analysts forecast that ADTRAN will post 0.43 EPS for the current fiscal year.

Institutional Trading of ADTRAN

A number of large investors have recently made changes to their positions in ADTN. Assenagon Asset Management S.A. boosted its stake in shares of ADTRAN by 100.4% during the second quarter. Assenagon Asset Management S.A. now owns 917,754 shares of the communications equipment provider’s stock valued at $12,757,000 after purchasing an additional 459,802 shares during the period. Bank of America Corp DE increased its stake in ADTRAN by 12.4% in the 1st quarter. Bank of America Corp DE now owns 367,226 shares of the communications equipment provider’s stock worth $4,620,000 after buying an additional 40,595 shares during the period. Quantinno Capital Management LP lifted its holdings in ADTRAN by 18.7% during the 1st quarter. Quantinno Capital Management LP now owns 52,455 shares of the communications equipment provider’s stock valued at $660,000 after buying an additional 8,281 shares in the last quarter. Entropy Technologies LP lifted its holdings in ADTRAN by 53.6% during the 1st quarter. Entropy Technologies LP now owns 15,793 shares of the communications equipment provider’s stock valued at $199,000 after buying an additional 5,510 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in ADTRAN by 60.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 455,647 shares of the communications equipment provider’s stock valued at $5,732,000 after buying an additional 171,145 shares during the period. 80.56% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about ADTRAN

Here are the key news stories impacting ADTRAN this week:

• Positive Sentiment: ADTRAN announced a new senior secured credit facility led by JPMorgan that strengthens its capital structure, improves liquidity, lowers borrowing costs, and gives the company more financial flexibility. ADTRAN Strengthens Capital Structure with New Senior Secured Credit Facility
• Positive Sentiment: Rosenblatt Securities reaffirmed its buy rating on ADTN and maintained a $20 price target, implying substantial upside from current levels. Analyst rating reaffirmation
• Positive Sentiment: B. Riley also reiterated a buy rating, though it cut its target to $21 from $23, showing continued confidence despite a more cautious view. Analyst target update
• Neutral Sentiment: Analysts now expect a higher average target price for ADTRAN, suggesting Wall Street still sees meaningful recovery potential, even after the latest guidance reset. Consensus target price article
• Negative Sentiment: ADTRAN’s preliminary Q2 results and updated guidance came in below expectations, including weaker revenue and EPS outlooks, which is the main reason the stock is under pressure. Preliminary second quarter 2026 results
• Negative Sentiment: A law firm said it is investigating ADTRAN for potential securities law violations, adding another overhang for investors after the disappointing update. Investigation article

ADTRAN Company Profile

ADTRAN, Inc is a global provider of networking and communications equipment, specializing in broadband access solutions for service providers, enterprises and government organizations. Founded in 1985 and headquartered in Huntsville, Alabama, the company develops and delivers hardware and software platforms that enable high-speed Internet access over fiber, copper and wireless networks. Its core offerings include fiber access and aggregation equipment, Ethernet switches, customer premises equipment (CPE) and network management systems designed to support both legacy and next-generation broadband deployments.

The company’s product portfolio encompasses a broad range of optical line terminals (OLTs), optical network terminals (ONTs), multiservice access gateways and virtualized access solutions.