ADTN Stock Summary and Trading Ideas (Adtran Holdings | NASDAQ:ADTN)

Adtran Holdings 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 that enable a digital future that supports the company's Subscriber, Access & Aggregation, and Optical Networking Solutions; and Services & Support Segment which includes network design, implementation, maintenance and cloud-hosted services supporting the company's Subscriber, Access & Aggregation, and Optical Networking Solutions.

Adtran Holdings trades on the NASDAQ stock market under the symbol ADTN.

As of September 18, 2024, ADTN stock price declined to $5.50 with 513,000 million shares trading.

ADTN has a beta of 1.30, meaning it tends to be more sensitive to market movements. ADTN has a correlation of 0.09 to the broad based SPY ETF.

ADTN has a market cap of $435.78 million. This is considered a Small Cap stock.

Last quarter Adtran Holdings reported $226 million in Revenue and -$.24 earnings per share. This beat revenue expectation by $121,000 and missed earnings estimates by -$.15.

In the last 3 years, ADTN stock traded as high as $25.47 and as low as $4.34.

The top ETF exchange traded funds that ADTN belongs to (by Net Assets): VTI, IWM, VGT, VXF, IWN.

ADTN stock has underperformed the market in the last year with a return of -33.3%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ADTN shares. However, ADTN has outperformed the market in the last 3 month and 2 week periods, returning +11.6% and +2.0%, while SPY returned +2.9% and +1.7%, respectively. This indicates ADTN has been having a stronger performance recently.

ADTN support price is $5.44 and resistance is $5.76 (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.