Aggressive’ Bullish Options Activity Seen in ADTRAN, Inc.

 Aggressive' Bullish Options Activity Seen in ADTRAN, Inc.

In today’s session ADTRAN, Inc. (ADTN) registered an unusually high (2,014) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious ADTN increase. With 2,014 contracts traded and 28214 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: ADTN161118C00018000 closed last at: $0.85 or 5.6% down. About 44,683 shares traded hands. ADTRAN, Inc. (NASDAQ:ADTN) has declined 3.07% since March 16, 2016 and is downtrending. It has underperformed by 8.62% the S&P500.

ADTRAN, Inc. (NASDAQ:ADTN) Ratings Coverage

Out of 9 analysts covering Adtran Inc. (NASDAQ:ADTN), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. $21.0 is the highest target while $14 is the lowest. The $17.38 average target is -5.03% below today’s ($18.3) stock price. Adtran Inc. has been the topic of 16 analyst reports since September 9, 2015 according to StockzIntelligence Inc. On Thursday, February 4 the stock rating was upgraded by Cowen & Co to “Market Perform”. The stock of ADTRAN, Inc. (NASDAQ:ADTN) earned “Outperform” rating by Northland Capital on Wednesday, September 30. On Friday, January 15 the stock rating was upgraded by Drexel Hamilton to “Buy”. The stock has “Overweight” rating given by JP Morgan on Thursday, December 17. The firm has “Buy” rating given on Thursday, January 21 by Needham. The firm has “Buy” rating given on Monday, January 18 by Drexel Hamilton. The stock of ADTRAN, Inc. (NASDAQ:ADTN) earned “Hold” rating by Drexel Hamilton on Wednesday, September 9. M Partners upgraded the stock to “Buy” rating in Thursday, January 7 report. M Partners maintained the shares of ADTN in a report on Thursday, October 15 with “Neutral” rating. The stock of ADTRAN, Inc. (NASDAQ:ADTN) has “Buy” rating given on Friday, January 8 by Stifel Nicolaus.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.13, from 1.21 in 2016Q1. The ratio dropped, as 14 funds sold all ADTRAN, Inc. shares owned while 52 reduced positions. 20 funds bought stakes while 51 increased positions. They now own 43.51 million shares or 5.85% less from 46.22 million shares in 2016Q1.
Magnetar Financial Ltd Liability Company accumulated 0.01% or 22,980 shares. The California-based Globeflex Capital Lp has invested 0% in ADTRAN, Inc. (NASDAQ:ADTN). Scout Invests Inc, a Missouri-based fund reported 83,450 shares. Wells Fargo & Mn holds 45,353 shares or 0% of its portfolio. Jacobs Levy Equity Mgmt Inc owns 329,709 shares or 0.13% of their US portfolio. Horrell Cap Management owns 1,250 shares or 0.02% of their US portfolio. Sg Mngmt Limited, a Illinois-based fund reported 29,228 shares. Teacher Retirement System Of Texas accumulated 6,960 shares or 0% of the stock. The Kentucky-based Teachers Retirement System Of The State Of Kentucky has invested 0% in ADTRAN, Inc. (NASDAQ:ADTN). Everpoint Asset Mgmt Llc last reported 12,500 shares in the company. Blackrock Fund accumulated 0.01% or 3.23M shares. Pinebridge Invs L P owns 6,126 shares or 0.01% of their US portfolio. Rail holds 1.91% of its portfolio in ADTRAN, Inc. (NASDAQ:ADTN) for 426,334 shares. Paloma Mngmt Com reported 44,908 shares or 0.01% of all its holdings. Van Berkom Assoc holds 2.20 million shares or 1.88% of its portfolio.

ADTRAN, Inc. is a provider of networking and communications equipment. The company has a market cap of $910.17 million. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It has a 32.29 P/E ratio. It operates through two divisions: the Carrier Networks Division and the Enterprise Networks Division.

ADTN Company Profile

ADTRAN, Inc., incorporated on November 18, 1985, is a well-known provider of networking and communications equipment. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. The Firm operates through two divisions: the Carrier Networks Division and the Enterprise Networks Division. The Company’s product categories include Carrier Systems, Business Networking and Loop Access. Carrier Systems products are used by communications service providers to provide data, voice, Internet and video services to clients and enterprises. The category includes Broadband Access, Optical and Time Division Multiplexed (TDM) systems. Broadband Access products include Total Access 5000 Series of Multi-Service Access Node (MSAN), hiX 5600 Series of MSANs, Total Access 1100/1200 Series of Fiber to the Node (FTTN) products, hiX 1100 Series of FTTN products, VDSL2 Vectoring based Digital Subscriber Line Access Multiplexer (DSLAM) products, and ADTRAN 500 Series of FTTdp G.fast Distribution Point Units (DPU). The Optical products include Optical Networking Edge (ONE), NetVanta 8000 Series of Fiber Ethernet Access Devices (EAD), NetVanta 8400 Series of 10Gig Multi-service Edge Switches, OPTI-6100 and Total Access 3000 optical Multi-Service Provisioning Platforms (MSPP), and Pluggable Optical Products, including Small Form Factor Pluggable (SFP), 10-Gigabit Fiber Small Form Factor Pluggable (XFP) and SFP+.

More notable recent ADTRAN, Inc. (NASDAQ:ADTN) news were published by: Businesswire.com which released: “ADTRAN, Inc. Reports Results for the Third Quarter 2016 and Declares Quarterly …” on October 19, 2016, also Businesswire.com with their article: “ADTRAN, Inc. Reports Results for the Second Quarter 2016 and Declares …” published on July 13, 2016, Businesswire.com published: “ADTRAN, Inc. Reports Results for the Fourth Quarter 2015 and Declares …” on January 20, 2016. More interesting news about ADTRAN, Inc. (NASDAQ:ADTN) were released by: Streetinsider.com and their article: “ADTRAN, Inc. (ADTN) Announces Acquisition of CommScope’s (COMM) Fiber Access …” published on September 14, 2016 as well as Businesswire.com‘s news article titled: “ADTRAN, Inc. Reports Results for the First Quarter 2016 and Declares Quarterly …” with publication date: April 13, 2016.

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