Adtran (ADTN) Gets a Hold Rating from Needham


Needham analyst Richard Valera assigned a Hold rating to Adtran (ADTN) today. The company’s shares closed last Tuesday at $11.30.

According to TipRanks.com, Valera is a 5-star analyst with an average return of 14.6% and a 62.2% success rate. Valera covers the Technology sector, focusing on stocks such as Zoom Video Communications, Trimble Navigation, and Altair Engineering.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Adtran with a $16.00 average price target.

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The company has a one-year high of $13.20 and a one-year low of $4.80. Currently, Adtran has an average volume of 254.2K.

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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. The Services and Support segment offers ProCloud managed services, network installation, engineering and maintenance services, and fee-based technical support and equipment repair/replacement plans. The company was founded by Mark C. Smith in November 1985 and is headquartered in Huntsville, AL.

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