ADTRAN (NASDAQ:ADTN) Stock Gets Price Target Reduction from Needham & Company LLC

ADTRAN (NASDAQ:ADTN) had its price objective decreased by equities research analysts at Needham & Company LLC from $14.00 to $9.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the communications equipment provider’s stock. Needham & Company LLC‘s price target points to a potential upside of 70.68% from the stock’s current price.

Several other equities analysts also recently issued reports on the company. Wall Street Zen downgraded ADTRAN from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Evercore set a $11.00 target price on ADTRAN in a report on Wednesday, August 5th. Craig Hallum set a $12.00 target price on ADTRAN in a report on Wednesday, August 5th. Zacks Research upgraded ADTRAN from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Weiss Ratings cut ADTRAN from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, September 16th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.83.

ADTRAN Price Performance

ADTRAN stock traded down $1.01 during trading hours on Tuesday, hitting $5.27. 2,675,092 shares of the stock were exchanged, compared to its average volume of 1,973,609. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.19 and a current ratio of 1.79. The stock has a market capitalization of $429.65 million, a P/E ratio of -19.23, a P/E/G ratio of 4.26 and a beta of 1.48. ADTRAN has a 12 month low of $5.03 and a 12 month high of $19.98. The business’s 50-day moving average is $7.10 and its two-hundred day moving average is $11.02.

ADTRAN (NASDAQ:ADTN) last posted its earnings results on Tuesday, November 3rd. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. ADTRAN had a negative net margin of 2.29% and a positive return on equity of 14.24%. The company had revenue of $281.17 million during the quarter, compared to analysts’ expectations of $285.69 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. ADTRAN’s quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts expect that ADTRAN will post 0.16 EPS for the current fiscal year.

Institutional Trading of ADTRAN

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of ADTRAN in the 2nd quarter valued at about $108,923,000. CenterBook Partners LP acquired a new stake in shares of ADTRAN during the 3rd quarter worth approximately $8,022,000. William Blair Investment Management LLC bought a new stake in shares of ADTRAN during the second quarter worth approximately $15,276,000. Bank of America Corp DE bought a new stake in shares of ADTRAN during the second quarter worth approximately $11,751,000. Finally, Heartland Advisors Inc. bought a new stake in shares of ADTRAN during the first quarter worth approximately $9,435,000. 80.56% of the stock is owned by institutional investors.

Key Stories Impacting ADTRAN

Here are the key news stories impacting ADTRAN this week:

• Positive Sentiment: ADTRAN reported third-quarter adjusted EPS of $0.09, exceeding the $0.03 analyst consensus and improving from $0.05 in the year-ago quarter. Revenue also edged up 0.6% year over year to $281.2 million. ADTRAN third-quarter financial results
• Positive Sentiment: Non-GAAP operating margin was 5.0%, while non-GAAP gross margin reached 42.1%. The gross-margin result included an approximately 200-basis-point benefit from IEEPA refunds, providing support to profitability in the quarter. ADTRAN reports third-quarter revenue amid supply challenges
• Neutral Sentiment: Management discussed the quarter and business outlook during the earnings call, giving investors additional context on demand, execution and supply conditions. ADTRAN Q3 2026 earnings call transcript
• Negative Sentiment: Revenue of $281.2 million fell short of the $285.7 million consensus estimate. The company also cited supply challenges, which likely raised concerns about near-term execution and growth momentum. ADTRAN Q3 revenue improves
• Negative Sentiment: Despite the adjusted profit, ADTRAN posted a GAAP operating margin of -0.3% and continues to report a negative net margin. Investors may also view the boost from IEEPA refunds as less sustainable than improvement driven by recurring operations. ADTRAN earnings results

ADTRAN Company Profile

ADTRAN Holdings, Inc (NASDAQ: ADTN) is a global telecommunications equipment and networking company that provides communications infrastructure for service providers, enterprises and other organizations. The company develops solutions that help network operators deliver broadband, voice, data and cloud-connected services over fiber, copper, wireless and other access technologies.

Its portfolio includes fiber access systems, passive optical networking equipment, broadband access platforms, Ethernet and data networking products, routers, switches, Wi-Fi solutions, fixed wireless access equipment and software for network management and automation.