The stock of ADTRAN Holdings Inc. (NASDAQ:ADTN) last traded at $18.94, down -0.47% from the previous session.
Data from the available sources indicates that ADTRAN Holdings Inc. (NASDAQ:ADTN) is covered by 9 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $35.00 and a low of $26.00, we find $29.50. Given the previous closing price of $19.03, this indicates a potential upside of 55.02 percent. ADTN stock price is now -3.69% away from the 50-day moving average and -5.20% away from the 200-day moving average. The market capitalization of the company currently stands at $1.47B.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
In total, 2 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $30.33 as their price target over the next twelve months.
With the price target enhanced from $21 to $26, Loop Capital Upgraded its rating from Hold to Buy for ADTRAN Holdings Inc. (NASDAQ: ADTN). On July 14, 2022, Needham recently initiated its ‘Buy’ rating on the stock quoting a target price of $28, while ‘Rosenblatt’ rates the stock as ‘Buy’.
In other news, McCray Gregory James, Director bought 36 shares of the company’s stock on Dec 07. The stock was bought for $698 at an average price of $19.21. Upon completion of the transaction, the Director now directly owns 21,673 shares in the company, valued at $0.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 07, Chairman & CEO STANTON THOMAS R bought 652 shares of the business’s stock. A total of $12,529 was incurred on buying the stock at an average price of $19.21. This leaves the insider owning 805,765 shares of the company worth $15.26 million. Insiders disposed of 2,900,871 shares of company stock worth roughly $54.94 million over the past 1 year. A total of 2.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ADTN stock. A new stake in ADTRAN Holdings Inc. shares was purchased by HOOD RIVER CAPITAL MANAGEMENT LLC during the first quarter worth $20,545,000. HERALD INVESTMENT MANAGEMENT LTD invested $7,576,000 in shares of ADTN during the first quarter. In the first quarter, WORTH VENTURE PARTNERS, LLC acquired a new stake in ADTRAN Holdings Inc. valued at approximately $5,611,000. DEKABANK DEUTSCHE GIROZENTRALE acquired a new stake in ADTN for approximately $4,160,000. AMUNDI purchased a new stake in ADTN valued at around $3,673,000 in the second quarter. In total, there are 261 active investors with 90.50% ownership of the company’s stock.
With an opening price of $18.89 on Thursday morning, ADTRAN Holdings Inc. (NASDAQ: ADTN) set off the trading day. During the past 12 months, ADTRAN Holdings Inc. has had a low of $16.30 and a high of $25.47. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 1.70, and a quick ratio of 0.90. The fifty day moving average price for ADTN is $19.64 and a two-hundred day moving average price translates $19.98 for the stock.
The latest earnings results from ADTRAN Holdings Inc. (NASDAQ: ADTN) was released for Jun, 2022. According to the Communication Equipment Company, earnings per share came in at $0.19, beating analysts’ expectations of $0.11 by 0.08. This compares to -$0.21 EPS in the same period last year. The net profit margin was -5.50% and return on equity was -9.40% for ADTN. The company reported revenue of $340.71 million for the quarter, compared to $138.08 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 146.75 percent. For the current quarter, analysts expect ADTN to generate $330.39M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/06/2022. Investors who held shares on 11/22/2022 were paid a $0.09 dividend. On an annualized basis, this represents a $0.36 dividend and a 1.90% percent yield. There was an ex-dividend date of 11/21/2022 for this dividend.
ADTRAN Holdings Inc.(ADTN) Company Profile
ADTRAN Holdings, Inc., through its subsidiaries, provides end-to-end fiber networking solutions for communications service provider, enterprises, and government customers in the United States, Germany, the United Kingdom, Mexico, and internationally. It operates through two segments, Network Solutions, and Services & Support. The company offers fiber access and fiber to the node platforms; transceivers, cables, and other miscellaneous materials; passive optical network optical line terminals; fiber to the distribution point Gfast distribution point units; cabinet and outside plant enclosures and services; packet optical transports; fixed wireless access platforms; and network management and subscriber services, and control and orchestration software. It also provides broadband customer premises solutions, ethernet switches and routers, residential gateways, cloud-based software-as-a-service management platforms, virtual wireless local area networks, Internet of Things gateways, pre-sale and post-sale technical support, and multi-gigabit mesh Wi-Fi gateways. In addition, the company offers time division multiplexed and asynchronous transfer mode-based aggregation systems and customer devices; and high-bit-rate and asymmetric digital subscriber line, and other technologies. Further, it provides other access and aggregation, subscriber and experience, and traditional and other products, software, and services. Additionally, the company engages in the provision of planning, engineering, program management, maintenance, installation, and commissioning services to implement customer network solutions; and customer devices solutions into consumer, small business, and enterprise locations. ADTRAN Holdings, Inc. is headquartered in Huntsville, Alabama.
