Jefferies Maintains a 'Hold' on ADTRAN (ADTN); In-line Q2, But Expect Lower Guidance

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Jefferies maintains a 'Hold' on ADTRAN (NASDAQ: ADTN) price target of $27.00.

Analyst, George C. Notter, said, "Adtran reported Q2 revenue and EPS results that were roughly in-line with our (and Street) expectations. Looking forward, the company noted decreasing visibility of business. We wouldn’t be surprised if the company reduces Q3 guidance relative to Street expectations for Q3 on the conference call today."

For an analyst ratings summary and ratings history on ADTRAN click here. For more ratings news on ADTRAN click here.

Shares of ADTRAN closed at $27.19 yesterday, with a 52 week range of $25.46-$42.04.

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