ADTRAN, Inc. (NASDAQ:ADTN) price target lowered to $17.00 by Needham & Company LLC

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Analyst Ratings For ADTRAN, Inc. (NASDAQ:ADTN)

Today, Needham & Company LLC lowered its price target on ADTRAN, Inc. (NASDAQ:ADTN) to $17.00 per share.

There are 6 Hold Ratings, 2 Buy Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on ADTRAN, Inc. (NASDAQ:ADTN) is Hold with a consensus target price of $17.7083 per share, a potential 17.98% upside.

Some recent analyst ratings include

  • 9/13/2018-ADTRAN, Inc. (NASDAQ:ADTN) gets upgraded to Neutral by Bank of America
  • 7/18/2018-ADTRAN, Inc. (NASDAQ:ADTN) gets downgraded to Market Perform by Northland Securities with a price target of $17.00
  • 4/19/2018-ADTRAN, Inc. (NASDAQ:ADTN) gets downgraded to Hold by Argus
  • 1/18/2018-ADTRAN, Inc. (NASDAQ:ADTN) had its Hold rating reiterated by Jefferies Financial Group with a $17.25 price target
  • 1/15/2018-ADTRAN, Inc. (NASDAQ:ADTN) gets upgraded to Neutral by Goldman Sachs Group with a price target of $17.00

Recent Insider Trading Activity For ADTRAN, Inc. (NASDAQ:ADTN)
ADTRAN, Inc. (NASDAQ:ADTN) has insider ownership of 2.53% and institutional ownership of 95.12%.

  • On 10/23/2017 Kevin P Heering, SVP, sold 9,809 with an average share price of $21.60 per share and the total transaction amounting to $211,874.40.
  • On 10/20/2017 Raymond R Schansman, SVP, sold 48,056 with an average share price of $21.70 per share and the total transaction amounting to $1,042,815.20.
  • On 7/25/2017 Michael Foliano, SVP, sold 24,000 with an average share price of $23.77 per share and the total transaction amounting to $570,480.00.
  • On 7/24/2017 Michael Foliano, SVP, sold 322 with an average share price of $23.70 per share and the total transaction amounting to $7,631.40.
  • On 4/28/2015 Thomas R Stanton, CEO, bought 31,200 with an average share price of $16.05 per share and the total transaction amounting to $500,760.00.
  • On 4/24/2015 James E Matthews, Director, sold 23,000 with an average share price of $16.03 per share and the total transaction amounting to $368,690.00.
  • On 8/29/2014 Kevin P Heering, SVP, sold 5,650 with an average share price of $23.10 per share and the total transaction amounting to $130,515.00.

About ADTRAN, Inc. (NASDAQ:ADTN)
ADTRAN, Inc. provides networking and communications equipment worldwide. The company operates through two segments, Network Solutions and Services & Support. It offers access and aggregation solutions, including network management and subscriber services control and orchestration software within a SD-access architecture; SDN-controlled programmable network elements; fiber to the premises and fiber to the node (FTTN) multi-service access nodes (MSAN); fiber aggregation and FTTN MSAN; fiber to the distribution point optical network units; optical line terminals; optical networking edge aggregation; and IP digital subscriber line access multiplexers. The company's access and aggregation solutions also comprise cabinet and outside-plant enclosures and services; pluggable optical transceivers, cables, and other miscellaneous materials; and other products and services. In addition, it provides customer devices comprising broadband customer premise solutions, such as passive optical network and point-to-point Ethernet optical network terminals; radio frequency over glass micro nodes; residential and business gateways; Wi-Fi access points and related powering and switching infrastructure; enterprise session border controllers; carrier Ethernet services termination devices; voice over Internet protocol media gateways; and other products and services. Further, the company offers time division multiplexed and asynchronous transfer mode based aggregation systems and customer devices; HDSL, ADSL, and other technologies; and other products and services. Additionally, it provides planning, engineering, program management, maintenance, support, installation, commissioning, and implementation services. The company serves communications service providers, distributed enterprises and small and medium-sized businesses, public and private enterprises, and individual users. ADTRAN, Inc. was founded in 1985 and is headquartered in Huntsville, Alabama.

Recent Trading Activity for ADTRAN, Inc. (NASDAQ:ADTN)
Shares of ADTRAN, Inc. closed the previous trading session at 15.01 −3.11 17.16% with shares trading hands.