For its second fiscal quarter (ending June 30), ADTRAN Holdings Inc (NASDAQ: ADTN) has reported E.P.S. of $-0.63 compared to $-0.50 a year ago. This performance was $-0.54 short of the consensus estimate of $-0.09. E.P.S. were $-7.15 for the latest four quarters through June 30 versus $-1.08 for the same period a year ago.
Recent Price Action
On 8/5/24, ADTRAN Holdings Inc (NASDAQ: ADTN) stock suffered a large decline of -5.3%, closing at $5.76. However, trading volume in this decline was unusually low at 59% of normal. Relative to the market the stock has been weak over the last nine months and has declined -11.1% during the last week.
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 inconsistent signals. ADTRAN Holdings has a neutral Appreciation Score of 48 but a poor Power Rating of 18, and the Negative Value Trend Rating results.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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