ADTRAN, Inc. (NASDAQ:ADTN) is expected to pay $0.09 on Nov 17, 2016. The indicated annual dividend is $0.36. Shareholders owning the stock before Nov 1, 2016 will be eligible to receive the payout. Based on ADTRAN, Inc.’s current price of $18.05, the dividend is 0.50%. This dividend’s record date is Nov 3, 2016 and the announcement date is Oct 19, 2016. The stock increased 0.56% or $0.1 on October 28, hitting $18.05. ADTRAN, Inc. (NASDAQ:ADTN) has declined 8.38% since March 29, 2016 and is downtrending. It has underperformed by 11.85% the S&P500.
ADTRAN, Inc. is a provider of networking and communications equipment. The company has a market cap of $878.47 million. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It has a 26.54 P/E ratio. It operates through two divisions: the Carrier Networks Division and the Enterprise Networks Division.
Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.13, from 1.21 in 2016Q1. The ratio is negative, 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.
Fmr Ltd Liability Com has 0% invested in the company for 107,691 shares. Art Advsrs Ltd Company accumulated 56,856 shares or 0.05% of the stock. Calamos Advsr Lc accumulated 12,817 shares or 0% of the stock. The Illinois-based First Midwest Bancorp Division has invested 0.05% in ADTRAN, Inc. (NASDAQ:ADTN). Old Mutual Glob Investors (Uk) last reported 0.01% of its portfolio in the stock. Moreover, New York State Teachers Retirement Systems has 0.01% invested in ADTRAN, Inc. (NASDAQ:ADTN) for 149,723 shares. Usa Fincl Portformulas, a Michigan-based fund reported 19,785 shares. New York State Common Retirement Fund has invested 0% of its portfolio in ADTRAN, Inc. (NASDAQ:ADTN). Pub Employees Retirement Association Of Colorado last reported 0% of its portfolio in the stock. Aperio Gru Limited Liability Corporation has 0% invested in the company for 12,007 shares. Horrell Cap Management reported 1,250 shares or 0.02% of all its holdings. Fuller Thaler Asset Mngmt has 0.79% invested in the company for 2.46M shares. Eaton Vance Management, a Massachusetts-based fund reported 52,565 shares. Louisiana State Employees Retirement System, a Louisiana-based fund reported 21,700 shares. Stoneridge Investment Partners Ltd accumulated 0.16% or 55,753 shares.
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 -3.71% below today’s ($18.05) 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 firm earned “Hold” rating on Wednesday, September 9 by Drexel Hamilton. As per Thursday, October 15, the company rating was maintained by M Partners. The rating was upgraded by Stifel Nicolaus on Friday, January 8 to “Buy”. Northland Capital initiated it with “Outperform” rating and $20 target price in Wednesday, September 30 report. The rating was upgraded by Drexel Hamilton on Monday, January 18 to “Buy”. On Thursday, January 7 the stock rating was upgraded by M Partners to “Buy”. The stock of ADTRAN, Inc. (NASDAQ:ADTN) earned “Buy” rating by Drexel Hamilton on Friday, January 15. The firm has “Overweight” rating given on Thursday, December 17 by JP Morgan. Needham upgraded the shares of ADTN in a report on Thursday, January 21 to “Buy” rating.
More important recent ADTRAN, Inc. (NASDAQ:ADTN) news were published by: Seekingalpha.com which released: “Adtran: Spending Cycles Suggest Good Times Ahead” on October 25, 2016, also Businesswire.com published article titled: “ADTRAN, Inc. Reports Results for the First Quarter 2016 and Declares Quarterly …”, Businesswire.com published: “ADTRAN, Inc. Reports Results for the Second Quarter 2016 and Declares …” on July 13, 2016. More interesting news about ADTRAN, Inc. (NASDAQ:ADTN) was released by: Streetinsider.com and their article: “ADTRAN, Inc. (ADTN) Announces Acquisition of CommScope’s (COMM) Fiber Access …” with publication date: September 14, 2016.
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+.
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