ADTRAN (ADTN) Receives Price Target

ADTRAN (ADTN) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $24 and the lowest price target forecast is $15. The average forecast of all the analysts is $19.75 and the expected standard deviation is $3.52.

ADTRAN (ADTN) : The consensus on ADTRAN (ADTN) based on 7 analyst recommendation on the company stock is 2.29, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


ADTRAN (NASDAQ:ADTN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.45 and $18.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.52, notching a gain of 0.76% for the day. The total traded volume was 129,112 . The stock had closed at $18.38 on the previous day.

ADTRAN, Inc. is a global provider of networking and communications equipment. The Companys solutions enable voice, data, video and Internet communications across a variety of network infrastructures. The Company operates through two segments: the Carrier Networks Division and the Enterprise Networks Division. The Carrier Networks Division offers broadband and optical infrastructure products and services used by service providers to aggregate, transport, and deliver voice, data, and video services to their customers premises and mobile network cell sites. The Enterprise Networks Division provides cloud connectivity solutions, such as IP business gateways and access routers, which provide business access to service provider networks, and enterprise communications solutions, which enable businesses to construct voice, data and video networks at a single customer premises or among a distributed enterprises multiple sites.

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