Headlines about ADTRAN (NASDAQ:ADTN) have trended positive on Monday, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. ADTRAN earned a daily sentiment score of 0.29 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 46.4647344889268 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of research firms have recently weighed in on ADTN. Needham & Company LLC reissued a “buy” rating and issued a $22.00 target price (down previously from $26.00) on shares of ADTRAN in a research note on Friday, January 12th. BidaskClub lowered ADTRAN from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Jefferies Group reissued a “hold” rating and issued a $17.25 target price on shares of ADTRAN in a research note on Thursday, January 18th. Cowen reissued a “hold” rating and issued a $16.00 target price on shares of ADTRAN in a research note on Friday, December 29th. Finally, ValuEngine lowered ADTRAN from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. ADTRAN presently has a consensus rating of “Hold” and an average target price of $21.41.
Shares of ADTRAN (ADTN) traded up $0.02 during trading hours on Monday, reaching $16.32. The company had a trading volume of 94,672 shares, compared to its average volume of 642,548. ADTRAN has a 52 week low of $15.25 and a 52 week high of $25.10. The stock has a market cap of $789.31, a P/E ratio of 32.60, a PEG ratio of 3.40 and a beta of 0.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.72 and a current ratio of 3.87.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.36 dividend on an annualized basis and a yield of 2.21%. ADTRAN’s dividend payout ratio is presently 72.00%.
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ADTRAN Company Profile
ADTRAN, Inc (ADTRAN) is a provider of networking and communications equipment. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It operates through two segments: Network Solutions and Services & Support. Network Solutions includes software and hardware products that enable CSPs and enterprise customers to realize a fully connected world.
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