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

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 23, 2024, ADTN stock price climbed to $4.78 with 550,705 million shares trading.

ADTN has a beta of 1.41, 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 $378.17 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 $4.60.

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 -48.3% while the SPY ETF gained +24.3%. ADTN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -32.9% and -5.3%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

ADTN support price is $4.61 and resistance is $4.87 (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.