For its third fiscal quarter (ending September 30), ADTRAN Holdings Inc (NASDAQ: ADTN) has reported E.P.S. of $-0.93 compared to $-0.57 a year ago. This result fell short of the consensus estimate of $-0.10 by $-0.82. For the latest four quarters through September 30, E.P.S. were $-1.29 versus $-0.81 for the same period a year ago.
Recent Price Action
On 11/6/23, ADTRAN Holdings Inc (NASDAQ: ADTN) stock rose modestly by 0.5%, closing at $7.33. Relative to the market the stock has been extremely weak over the last nine months but has risen 14.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, ADTN is expected to be a modest Value Eraser.
ADTRAN Holdings has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. ADTRAN Holdings has a slightly positive Appreciation Score of 68 but a very low Power Rating of 0, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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