ADTRAN’s (ADTN) Buy Rating Reiterated at Rosenblatt Securities

ADTRAN (NASDAQ:ADTN)‘s stock had its “buy” rating reaffirmed by stock analysts at Rosenblatt Securities in a note issued to investors on Thursday,Benzinga reports. They presently have a $20.00 target price on the communications equipment provider’s stock. Rosenblatt Securities’ price target would indicate a potential upside of 91.39% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of ADTRAN from a “buy” rating to a “strong-buy” rating in a report on Monday. Northland Securities set a $18.00 price target on shares of ADTRAN in a report on Wednesday, May 6th. B. Riley Financial reaffirmed a “buy” rating on shares of ADTRAN in a research report on Friday, May 1st. Needham & Company LLC reduced their price objective on shares of ADTRAN from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Evercore assumed coverage on shares of ADTRAN in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price for the company. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, ADTRAN currently has an average rating of “Moderate Buy” and an average target price of $17.20.

ADTRAN Trading Down 13.9%

Shares of NASDAQ:ADTN opened at $10.45 on Thursday. ADTRAN has a 12-month low of $7.11 and a 12-month high of $19.98. The business’s fifty day simple moving average is $14.50 and its 200-day simple moving average is $12.75. The company has a market capitalization of $851.15 million, a PE ratio of -26.79 and a beta of 1.44. The company has a current ratio of 1.77, a quick ratio of 1.18 and a debt-to-equity ratio of 1.59.

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

Institutional Investors Weigh In On ADTRAN

Institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC raised its stake in ADTRAN by 253.7% in the 1st quarter. AQR Capital Management LLC now owns 348,478 shares of the communications equipment provider’s stock worth $3,039,000 after acquiring an additional 249,954 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of ADTRAN by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,767 shares of the communications equipment provider’s stock valued at $408,000 after purchasing an additional 1,946 shares during the period. Legal & General Group Plc raised its stake in shares of ADTRAN by 13.9% in the second quarter. Legal & General Group Plc now owns 113,480 shares of the communications equipment provider’s stock worth $1,018,000 after purchasing an additional 13,821 shares during the last quarter. American Century Companies Inc. raised its stake in shares of ADTRAN by 11.2% in the second quarter. American Century Companies Inc. now owns 224,015 shares of the communications equipment provider’s stock worth $2,009,000 after purchasing an additional 22,524 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of ADTRAN by 17.6% during the second quarter. Russell Investments Group Ltd. now owns 88,384 shares of the communications equipment provider’s stock worth $793,000 after purchasing an additional 13,222 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

More ADTRAN News

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

About ADTRAN

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.