The Sr. VP Technology & Strategy of Adtran (ADTN) is Selling Shares


Today, the Sr. VP Technology & Strategy of Adtran (ADTN), James Denson Wilson, sold shares of ADTN for $57.53K.

Following James Denson Wilson’s last ADTN Sell transaction on November 16, 2018, the stock climbed by 4.2%. In addition to James Denson Wilson, one other ADTN executive reported Sell trades in the last month.

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Based on Adtran’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $144 million and quarterly net profit of $770K. In comparison, last year the company earned revenue of $121 million and had a GAAP net loss of $10.81 million. Currently, Adtran has an average volume of 97.79K.

Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $18.00, reflecting a 2.1% upside.

James Denson Wilson’s trades have generated a -8.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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ADTRAN, Inc. engages in the provision of networking and communications equipment. It operates through the Network Solutions and Services and Support business segment. The Network Solutions segment includes hardware products and next-generation virtualized solutions used in service provider or business networks, as well as prior-generation products.

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