27-Mar-2024
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PRNewswire (Wed, 27-Mar 7:04 PM ET)
Adtran and BT Group achieve Europe's first live network trial with coherent 100ZR
Business Wire (Tue, 26-Mar 9:00 AM ET)
Globe Newswire (Mon, 25-Mar 9:54 PM ET)
PRNewswire (Mon, 25-Mar 4:22 PM ET)
Business Wire (Mon, 25-Mar 9:00 AM ET)
Adtran FSP 3000 OLS plays key role in OIF's largest-ever demo at OFC
Business Wire (Fri, 22-Mar 9:00 AM ET)
Adtran unlocks full potential of ZR and ZR+ optics with FSP 3000 M-Flex800
Business Wire (Thu, 21-Mar 9:00 AM ET)
Globe Newswire (Tue, 19-Mar 7:45 PM ET)
Globe Newswire (Sat, 16-Mar 10:45 AM ET)
Adtran Holdings Inc formerly Adtran Inc is a provider of networking and communications platforms, software, and services focused on the broadband access market. It operates under two reportable segments: Network Solutions, which includes hardware and software products, and Services & Support, which includes a portfolio of network implementation services, support services, and cloud-hosted SaaS applications that complement the product portfolio and can be utilized to support other platforms as well. These two segments span across their three revenue categories: Access & Aggregation, Subscriber Solutions, and Optical Networking Solutions.
Adtran Holdings trades on the NASDAQ stock market under the symbol ADTN.
As of March 27, 2024, ADTN stock price climbed to $5.32 with 426,782 million shares trading.
ADTN has a beta of 1.44, meaning it tends to be more sensitive to market movements. ADTN has a correlation of 0.07 to the broad based SPY ETF.
ADTN has a market cap of $422.48 million. This is considered a Small Cap stock.
Last quarter Adtran Holdings reported $225 million in Revenue and -$1.09 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.98.
In the last 3 years, ADTN stock traded as high as $25.47 and as low as $4.91.
The top ETF exchange traded funds that ADTN belongs to (by Net Assets): IJR, VTI, IWM, VGT, VXF.
ADTN has underperformed the market in the last year with a price return of -64.9% while the SPY ETF gained +33.6%. ADTN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -27.1% and -4.1%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
ADTN support price is $5.03 and resistance is $5.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ADTN stock will trade within this expected range on the day.