Adtran Inc (ADTN) Receives a Hold from Needham

Needham analyst Richard Valera maintained a Hold rating on Adtran Inc (ADTNResearch Report) today. The company’s shares closed last Monday at $10.91, close to its 52-week low of $9.92.

According to TipRanks.com, Valera is a 5-star analyst with an average return of 8.8% and a 60.7% success rate. Valera covers the Consumer Goods sector, focusing on stocks such as Cadence Design, Harmonic Inc, and Synopsys.

Adtran Inc has an analyst consensus of Moderate Buy, with a price target consensus of $15.25.

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Adtran Inc’s market cap is currently $521.8M and has a P/E ratio of 134.86. The company has a Price to Book ratio of 1.17.

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ADTRAN, Inc. engages in the provision of networking and communications equipment. It operates through the Network Solutions and Services and Support business segment. The Network Solutions segment includes hardware products and next-generation virtualized solutions used in service provider or business networks, as well as prior-generation products.