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ADTRAN Earnings For Wednesday Preview

ADTRAN Company Logo Image

ADTRAN Inc. (ADTN)

Background: ADTRAN, Inc. designs, manufactures, markets, services, and supports communications network solutions that enable voice, data, video, and Internet communications across various network infrastructures in the United States and internationally.

ADTRAN is forecast to record lower second-quarter earnings before the market opens on July 10, 2013.

The consensus estimate is currently 16 cents a share, a drop of 17 cents (51.5%) from 33 cents during the equivalent quarter last year. Analysts' estimates this quarter range from 11 cents, to a high of 18 cents per share.

This stock currently has an annualized dividend of 36 cents, yielding 1.44%.

Analyst opinion is mixed. Most of the analysts surveyed don't believe a buy or a sell should be made at this point. As I write this, ADTRAN has 1 buy recommendations out of 17 analysts covering the company, 9 holds, and 7 recommend selling. Shareholders have not been rewarded for their patience, shares have fallen 15% in the last year, and the average analyst target price for ADTRAN is $19.50.
 

The short interest is markedly elevated and should be treated as a red flag that short sellers expect the price to fall. The current float short is 27.6%.

 

 

(ADTN)

(ALU)

(CSCO)

Moderate Buy

1

4

20

Hold

9

5

8

Moderate Sell Ratings

1

1

0

Strong Sell Ratings

6

1

5

Avg Analyst Price Target

$19.50

$2.16

$25.30

Revenue

$622.33 million

$18.46 billion

$48.59 billion

Est Low EPS

0.11

-0.11

0.50

Est High EPS

0.18

-0.05

0.52

1 Year Stock Price Change

-14.69%

10.69%

45.16%

 

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Stock Tickers: ADTN ALU CSCO Author Disclosure: n/a
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