Northland Securities Reduces Earnings Estimates for ADTRAN

ADTRAN Holdings, Inc. (NASDAQ:ADTN) – Research analysts at Northland Securities lowered their Q4 2026 earnings estimates for ADTRAN in a report released on Wednesday, November 4th. Northland Securities analyst T. Savageaux now forecasts that the communications equipment provider will earn ($0.03) per share for the quarter, down from their prior estimate of $0.02. The consensus estimate for ADTRAN’s current full-year earnings is $0.16 per share. Northland Securities also issued estimates for ADTRAN’s FY2027 earnings at $0.24 EPS.

ADTRAN (NASDAQ:ADTN) last released its quarterly earnings results on Tuesday, November 3rd. The communications equipment provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.04 by $0.05. ADTRAN had a negative net margin of 2.20% and a positive return on equity of 17.76%. The company had revenue of $281.17 million for the quarter, compared to analyst estimates of $285.15 million. During the same quarter last year, the business earned $0.05 earnings per share. The firm’s revenue was up .6% on a year-over-year basis.

Several other brokerages have also weighed in on ADTN. Wall Street Zen lowered ADTRAN from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded ADTRAN from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, September 16th. B. Riley Financial reissued a “buy” rating and issued a $14.00 price objective (down from $21.00) on shares of ADTRAN in a report on Wednesday, November 4th. Needham & Company LLC cut their price objective on ADTRAN from $14.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, November 3rd. Finally, Evercore set a $11.00 price objective on ADTRAN in a research report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, ADTRAN presently has an average rating of “Hold” and a consensus price target of $11.21.

ADTRAN Trading Up 2.8%

Shares of ADTRAN stock opened at $4.41 on Wednesday. The firm has a 50-day simple moving average of $6.70 and a two-hundred day simple moving average of $10.87. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.23 and a current ratio of 1.89. ADTRAN has a fifty-two week low of $3.92 and a fifty-two week high of $19.98. The company has a market cap of $359.42 million, a P/E ratio of -16.96, a price-to-earnings-growth ratio of 2.63 and a beta of 1.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in ADTRAN by 44.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,589 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 1,717 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of ADTRAN in the second quarter valued at about $27,000. Persistent Asset Partners Ltd acquired a new stake in shares of ADTRAN in the second quarter valued at about $28,000. Swiss National Bank raised its position in shares of ADTRAN by 2.1% in the first quarter. Swiss National Bank now owns 142,600 shares of the communications equipment provider’s stock valued at $1,794,000 after buying an additional 2,900 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new position in shares of ADTRAN in the third quarter worth about $29,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Insider Buying and Selling

In other news, CFO Timothy P. Santo purchased 17,820 shares of the stock in a transaction dated Friday, November 6th. The shares were purchased at an average cost of $4.16 per share, with a total value of $74,131.20. Following the completion of the purchase, the chief financial officer directly owned 77,744 shares of the company’s stock, valued at approximately $323,415.04. The trade was a 29.74% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Thomas R. Stanton purchased 150,000 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The shares were purchased at an average price of $4.01 per share, with a total value of $601,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,410,890 shares of the company’s stock, valued at $5,657,668.90. This represents a 11.90% increase in their position. The disclosure for this purchase is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 2.16% of the stock is owned by corporate insiders.

Key Headlines Impacting ADTRAN

Here are the key news stories impacting ADTRAN this week:

• Positive Sentiment: CFO Timothy Santo bought 17,820 shares for about $74,000, increasing his stake by nearly 30%. Insider purchases can signal confidence in the company. Article: ADTRAN CFO stock purchase
• Positive Sentiment: Telia Estonia is trialing ADTRAN’s 50G PON technology for future broadband services. The trial offers product-validation potential, though it is not a reported commercial order. Article: Telia Estonia trials 50G PON
• Negative Sentiment: Northland Securities cut its Q4 2026 EPS estimate to a loss of $0.03 from expected earnings of $0.02, and lowered its FY2027 estimate to $0.24 from $0.39. The lower outlook raises concerns about near-term profitability and the pace of recovery.
• Negative Sentiment: Rosenblatt Securities downgraded ADTRAN from Buy to Neutral and slashed its price target from $15 to $6.25, reflecting a more cautious view of the shares. The latest quarterly results were mixed: EPS beat expectations, but revenue fell short of consensus.

ADTRAN Company Profile

ADTRAN Holdings, Inc. is a global provider of networking and communications equipment, software, and services. Its products help communications service providers and businesses build and manage broadband and other communications networks. The company’s offerings include fiber-optic access systems, broadband access equipment, optical transport and Ethernet solutions, and cloud-managed Wi-Fi and network-management software. These products support connections between service providers’ networks and homes, businesses, and other locations.