For its third fiscal quarter (ending September 30), ADTRAN Holdings Inc (NASDAQ: ADTN) has reported a -60% decline in E.P.S. from $-1.00 a year ago to $-0.40 in the current quarter. For the latest four quarters through September 30, E.P.S. were $-6.53 compared to $-1.51 a year ago — an increase of 332%.
Recent Price Action
ADTRAN Holdings Inc (NASDAQ: ADTN) stock closed at $7.55 on 11/7/24 after a major increase of 19.3%. Moreover, exceptionally high trading volume at 417% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 18.3% 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 C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ADTRAN Holdings has a neutral Appreciation Score of 50 and a neutral Power Rating of 51, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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