ADTRAN Holdings Inc (NASDAQ: ADTN) has reported a loss for its first fiscal quarter (ending March 31) of $-4.12 versus a loss $-0.51 for the same period a year ago. Relative to the consensus estimate of $0.03, this was a shortfall of $-4.15. E.P.S. were $-7.02 for the latest four quarters through March 31 versus $-0.54 for the same period a year ago.
Recent Price Action
On 5/7/24, ADTRAN Holdings Inc (NASDAQ: ADTN) stock enjoyed a major increase of 14.4%, closing at $5.39. Moreover, exceptionally high trading volume at 371% of normal accompanied the advance. The stock has risen 18.7% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
ADTN is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
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 contradictory signals. ADTRAN Holdings has a slightly positive Appreciation Score of 63 but a poor Power Rating of 16, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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