Seeking Alpha News (Fri, 10-May 3:00 PM ET)
Adtran Inc Aligns Strategy with Stockholder Votes at Annual Meeting
TipRanks (Thu, 9-May 4:14 PM ET)
ADTRAN Holdings, Inc. reports first quarter 2024 financial results
Business Wire (Tue, 7-May 12:05 AM ET)
Business Wire (Fri, 3-May 8:00 AM ET)
Business Wire (Thu, 2-May 8:00 AM ET)
Business Wire (Wed, 1-May 1:00 PM ET)
Business Wire (Tue, 30-Apr 8:00 AM ET)
Business Wire (Fri, 26-Apr 8:05 PM ET)
ADTRAN Holdings, Inc. to Release First Quarter 2024 Earnings on May 6, 2024
Business Wire (Tue, 16-Apr 8:00 PM 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 May 14, 2024, ADTN stock price climbed to $5.78 with 356,041 million shares trading.
ADTN has a beta of 1.45, meaning it tends to be more sensitive to market movements. ADTN has a correlation of 0.11 to the broad based SPY ETF.
ADTN has a market cap of $457.29 million. This is considered a Small Cap stock.
Last quarter Adtran Holdings reported $226 million in Revenue and -$.02 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.09.
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): IJR, VTI, IWM, VGT, VXF.
ADTN has underperformed the market in the last year with a return of -29.0%, while the SPY ETF gained +28.1%. In the last 3 month period, ADTN fell short of the market, returning -6.8%, while SPY returned +5.7%. However, in the most recent 2 weeks ADTN has outperformed the stock market by returning +27.3%, while SPY returned +2.1%.
ADTN support price is $5.38 and resistance is $5.70 (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.