ADTRAN (NASDAQ:ADTN) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of ADTRAN (NASDAQ:ADTN) from a buy rating to a strong-buy rating in a research note released on Saturday.

ADTN has been the topic of a number of other reports. Northland Securities set a $18.00 target price on shares of ADTRAN in a research note on Wednesday. Rosenblatt Securities raised their target price on shares of ADTRAN from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of ADTRAN in a research note on Thursday, April 2nd. Argus upgraded shares of ADTRAN to a “hold” rating in a research note on Wednesday, March 4th. Finally, B. Riley Financial reiterated a “buy” rating on shares of ADTRAN in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.00.

ADTRAN Stock Up 2.7%

ADTRAN stock opened at $14.94 on Friday. The company has a market capitalization of $1.21 billion, a P/E ratio of -38.31 and a beta of 1.45. The firm’s fifty day simple moving average is $13.22 and its 200-day simple moving average is $10.47. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 1.59. ADTRAN has a 1-year low of $7.11 and a 1-year high of $18.69.

ADTRAN (NASDAQ:ADTN) last released its quarterly earnings results on Tuesday, May 5th. The communications equipment provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $285.48 million. During the same quarter last year, the firm earned $0.03 EPS. ADTRAN’s revenue for the quarter was up 15.5% on a year-over-year basis. Sell-side analysts forecast that ADTRAN will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of ADTRAN

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in ADTRAN by 50.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,337,028 shares of the communications equipment provider’s stock worth $16,817,000 after purchasing an additional 448,848 shares during the last quarter. Swiss National Bank grew its position in ADTRAN by 2.1% in the 1st quarter. Swiss National Bank now owns 142,600 shares of the communications equipment provider’s stock worth $1,794,000 after purchasing an additional 2,900 shares during the last quarter. Heartland Advisors Inc. acquired a new stake in ADTRAN in the 1st quarter worth $9,435,000. Hsbc Holdings PLC grew its position in ADTRAN by 24.1% in the 1st quarter. Hsbc Holdings PLC now owns 97,411 shares of the communications equipment provider’s stock worth $1,229,000 after purchasing an additional 18,947 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in ADTRAN in the 1st quarter worth $412,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting ADTRAN

Here are the key news stories impacting ADTRAN this week:

• Positive Sentiment: Northland Securities raised its FY2026 EPS estimate for ADTRAN to $0.49 from $0.39, signaling stronger expected profitability than previously forecasted.
• Positive Sentiment: The same firm increased its Q2 2026 EPS estimate to $0.10 from $0.08 and lifted its Q3 and Q4 2026 estimates as well, reinforcing a more optimistic earnings outlook for the company.
• Positive Sentiment: Analysts also increased ADTRAN’s price target to $20.00 and another note suggested a valuation near US$19.50, indicating higher expected upside from current levels. ADTRAN (NASDAQ:ADTN) Price Target Raised to $20.00
• Neutral Sentiment: Brokerage sentiment remains mixed overall, with ADTRAN still carrying a consensus recommendation of “Hold,” which suggests analysts are improving estimates but not yet uniformly bullish. ADTRAN Holdings, Inc. (NASDAQ:ADTN) Receives Consensus Recommendation of “Hold” from Brokerages

About ADTRAN

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.