25-Apr-2024
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ADTRAN Holdings, Inc. to Release First Quarter 2024 Earnings on May 6, 2024
Business Wire (Tue, 16-Apr 8:00 PM ET)
PRNewswire (Mon, 8-Apr 6:00 PM ET)
Globe Newswire (Thu, 4-Apr 7:12 PM ET)
Globe Newswire (Sun, 31-Mar 12:22 PM ET)
PRNewswire (Sun, 31-Mar 12:00 PM ET)
Globe Newswire (Fri, 29-Mar 11:45 AM 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 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 April 25, 2024, ADTN stock price declined to $4.57 with 443,303 million shares trading.
ADTN has a beta of 1.46, meaning it tends to be more sensitive to market movements. ADTN has a correlation of 0.12 to the broad based SPY ETF.
ADTN has a market cap of $361.56 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 $4.53.
The top ETF exchange traded funds that ADTN belongs to (by Net Assets): IJR, VTI, VGT, IWM, VXF.
ADTN has underperformed the market in the last year with a price return of -49.7% while the SPY ETF gained +23.6%. ADTN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -33.9% and -7.5%, respectively, while the SPY returned +4.1% and -2.1%, respectively.
ADTN support price is $4.62 and resistance is $4.88 (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.