Adtran (ADTN)

• Market cap: $650M
• 1 day: -2.38%
• 5 days: -3.53%
• 1 month: 5.95%
• 3 months: 42.68%
• 6 months: 57.50%
• Year to date: 10.23%
• 1 year: 18.35%
• 5 years: -13.24%
• 10 years: -62.82%
• Sector: Communication Services
• Industry: Telephone & Telegraph Apparatus

About: Adtran Holdings Inc is a provider of networking and communications platforms, software, and services focused on the broadband access market. It operates under two reportable segments: Network Solutions, which includes hardware and software products that enable a digital future that supports the company's Subscriber, Access & Aggregation, and Optical Networking Solutions; and Services & Support Segment which includes network design, implementation, maintenance and cloud-hosted services supporting the company's Subscriber, Access & Aggregation, and Optical Networking Solutions.

Employees: 3,227

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

249% more call options, than puts

Call options by funds: $3.21M | Put options by funds: $919K

100% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]

7% more capital invested

Capital invested by funds: $326M [Q2] → $350M (+$23.2M) [Q3]

3% less funds holding

Funds holding: 157 [Q2] → 152 (-5) [Q3]

3.92% less ownership

Funds ownership: 78.5% [Q2] → 74.57% (-3.92%) [Q3]

21% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 24

39% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 69

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $10 22% upside
• Avg. target: $10.33 26% upside
• High target: $11 34% upside

3 analyst ratings

• positive: 3 100%
• neutral: 0 0%
• negative: 0 0%

Northland Capital Markets Tim Savageaux 58% 1-year accuracy 14 / 24 met price target	22% upside $10	Outperform Maintained	19 Dec 2024
Rosenblatt Mike Genovese 77% 1-year accuracy 27 / 35 met price target	22% upside $10	Buy Upgraded	8 Nov 2024
Needham Ryan Koontz 71% 1-year accuracy 64 / 90 met price target	34% upside $11	Buy Maintained	8 Nov 2024