Needham & Company LLC Issues Pessimistic Forecast for ADTRAN (NASDAQ:ADTN) Stock Price

ADTRAN (NASDAQ:ADTN) had its price objective cut by Needham & Company LLC from $18.00 to $14.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the communications equipment provider’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 33.97% from the company’s previous close.

Several other analysts have also recently issued reports on the company. Rosenblatt Securities raised their target price on ADTRAN from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. B. Riley Financial reaffirmed a “buy” rating on shares of ADTRAN in a research report on Friday, May 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of ADTRAN in a research report on Tuesday, June 30th. Evercore started coverage on ADTRAN in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price on the stock. Finally, Wall Street Zen upgraded ADTRAN from a “buy” rating to a “strong-buy” rating in a report on Monday. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.20.

ADTRAN Trading Down 13.9%

NASDAQ:ADTN opened at $10.45 on Thursday. The company has a fifty day moving average of $14.50 and a 200 day moving average of $12.75. ADTRAN has a 52 week low of $7.11 and a 52 week high of $19.98. The company has a quick ratio of 1.18, a current ratio of 1.77 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $851.15 million, a P/E ratio of -26.79 and a beta of 1.44.

ADTRAN (NASDAQ:ADTN) last announced its quarterly earnings results on Tuesday, May 5th. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $286.09 million for the quarter, compared to analyst estimates of $285.48 million. ADTRAN had a negative net margin of 3.18% and a positive return on equity of 10.94%. The company’s revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 EPS. On average, research analysts predict that ADTRAN will post 0.43 earnings per share for the current year.

Institutional Trading of ADTRAN

Several institutional investors and hedge funds have recently bought and sold shares of ADTN. Quarry LP bought a new stake in ADTRAN during the 3rd quarter valued at approximately $36,000. Kestra Advisory Services LLC bought a new position in shares of ADTRAN in the 4th quarter worth approximately $36,000. ST Germain D J Co. Inc. raised its position in shares of ADTRAN by 100.0% in the 4th quarter. ST Germain D J Co. Inc. now owns 5,000 shares of the communications equipment provider’s stock worth $43,000 after acquiring an additional 2,500 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of ADTRAN in the 4th quarter valued at approximately $47,000. Finally, Freestone Grove Partners LP purchased a new position in shares of ADTRAN in the 4th quarter valued at approximately $87,000. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about ADTRAN

Here are the key news stories impacting ADTRAN this week:

• Positive Sentiment: Despite the selloff, one article noted that analysts still have a consensus target price of $18.00 for ADTRAN, which suggests some longer-term upside if execution improves. ADTRAN Holdings, Inc. (NASDAQ:ADTN) Receives $18.00 Consensus Target Price from Analysts
• Neutral Sentiment: ADTRAN announced preliminary second-quarter 2026 results, including unaudited revenue and earnings figures, which are the basis for the market’s reaction. ADTRAN Holdings, Inc. announces certain preliminary second quarter 2026 results
• Neutral Sentiment: The company also updated its second- and third-quarter guidance, signaling a weaker revenue and EPS outlook than Wall Street expected. Why Adtran Stock Withered on Wednesday
• Negative Sentiment: ADTRAN cut its second-quarter revenue outlook to about $280 million-$282 million and guided EPS to $0.03-$0.05, both well below analyst expectations, raising concerns about demand and profitability. ADTRAN falls in premarket on Q2 preliminary revenue miss, soft Q3 outlook
• Negative Sentiment: Johnson Fistel launched an investigation into possible securities law violations at ADTRAN, adding legal overhang and investor uncertainty. Johnson Fistel Investigates ADTRAN Holdings, Inc. (ADTN) for Potential Securities Law Violations

ADTRAN Company Profile

ADTRAN, Inc is a global provider of networking and communications equipment, specializing in broadband access solutions for service providers, enterprises and government organizations. Founded in 1985 and headquartered in Huntsville, Alabama, the company develops and delivers hardware and software platforms that enable high-speed Internet access over fiber, copper and wireless networks. Its core offerings include fiber access and aggregation equipment, Ethernet switches, customer premises equipment (CPE) and network management systems designed to support both legacy and next-generation broadband deployments.

The company’s product portfolio encompasses a broad range of optical line terminals (OLTs), optical network terminals (ONTs), multiservice access gateways and virtualized access solutions.