Sentiment for Adtran Inc (NASDAQ:ADTN)
Adtran Inc (NASDAQ:ADTN) institutional sentiment increased to 0.96 in 2015 Q3. Its up 0.07, from 0.89 in 2015Q2. The ratio has improved, as 58 institutional investors started new or increased positions, while 65 sold and decreased their equity positions in Adtran Inc. The institutional investors in our partner’s database now own: 56.07 million shares, up from 48.14 million shares in 2015Q2. Also, the number of institutional investors holding Adtran Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 15 Reduced: 50 Increased: 47 New Position: 11.
ADTRAN, Inc. is a global provider of networking and communications equipment. The company has a market cap of $991.11 million. The Company’s solutions enable voice, data, video and Internet communications across a variety of network infrastructures. It has 55.13 P/E ratio. The Firm operates through two divisions: the Carrier Networks Division and the Enterprise Networks Division.
About 158,157 shares traded hands. ADTRAN, Inc. (NASDAQ:ADTN) has risen 30.88% since August 26, 2015 and is uptrending. It has outperformed by 24.06% the S&P500.
Analysts await ADTRAN, Inc. (NASDAQ:ADTN) to reports earnings on April, 19. They expect $0.08 EPS, up 14.29% or $0.01 from last year’s $0.07 per share. ADTN’s profit will be $3.91 million for 63.31 P/E if the $0.08 EPS becomes reality. After $0.13 actual EPS reported by ADTRAN, Inc. for the previous quarter, Wall Street now forecasts -38.46% negative EPS growth.
According to Zacks Investment Research, “Adtran Inc. is a leading global provider of networking & communications equipment, with an eighteen year history of profitability & a portfolio of more than one thousand four hundred solutions for use in the last mile of today’s telecommunications networks. Widely deployed by both carriers & small & midsize businesses, Adtran solutions enable voice, data, video, and Internet communications across copper, fiber, & wireless network infrastructures. ADTRAN solutions are currently in use by every major U.S. service provider & many global ones, as well as by thousands of public, private and governmental organizations worldwide. It’s product portfolio consists of different high-speed network access devices. In both service provider & enterprise networks, these products are used primarily in the last mile, or local loop, of the network, & in local area networks on the customer premises. The last mile is that segment of the network that connects end-user subscribers to a service provider’s closest facility.”
Tieton Capital Management Llc holds 3.48% of its portfolio in ADTRAN, Inc. for 255,074 shares. Horrell Capital Management Inc. owns 315,250 shares or 2.92% of their US portfolio. Moreover, Van Berkom & Associates Inc. has 1.77% invested in the company for 2.43 million shares. The California-based Fuller & Thaler Asset Management Inc. has invested 0.75% in the stock. Deprince Race & Zollo Inc, a Florida-based fund reported 2.50 million shares.#img1#
Ratings analysis reveals 55% of Adtran Inc.’s analysts are positive. Out of 9 Wall Street analysts rating Adtran Inc., 6 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $15.5 while the high is $23. The stock’s average target of $19.89 is -14.22% below today’s ($20.26) share price. ADTN was included in 16 notes of analysts from September 9, 2015. Cowen & Co upgraded the shares of Adtran Inc. in a note on February 4 to “Market Perform” rating. M Partners maintained ADTN’s stock on an October 15. M Partners has “Neutral” rating and $16 PR. Drexel Hamilton upgraded Adtran Inc.’s stock on January 18 to “Buy” rating. Northland Capital initiated it ^with/to4^ “Outperform” rating and $20 PT in September 30 note. Finally, M Partners upgraded the shares of Adtran Inc. to “Buy” rating in a January 7 note.
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