ADTRAN, Inc. Reports Results for the First Quarter 2016 and Declares Quarterly Cash Dividend
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Go back to ADTRAN, Inc. Reports Results for the First Quarter 2016 and Declares Quarterly Cash Dividend
April 13, 2016 4:22 PM EDT
Needham & Company maintained a Buy rating on ADTRAN (NASDAQ: ADTN), and raised the price target to $22.00 (from $21.00), following the company's 1Q earnings report. ADTN reported revenue of $142.2MM, exceeded consensus of $141.1MM. EPS was reported at $0.14, ahead of the Street's $0.11 estimate.
Analyst Richard... More
April 13, 2016 1:50 PM EDT
Northland Capital Markets downgraded ADTRAN (NASDAQ: ADTN) from Outperform to Market Perform with a price target of $20.00.
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 $19.05 yesterday.
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April 13, 2016 5:32 AM EDT
ADTRAN, Inc. (NASDAQ: ADTN) declared a quarterly dividend of $0.09 per share, or $0.36 annualized.
The dividend will be payable on May 12, 2016, to stockholders of record on April 28, 2016, with an ex-dividend date of April 26, 2016.
The annual yield on the dividend is 1.9 percent.
For... More
April 13, 2016 5:32 AM EDT
ADTRAN, Inc. (NASDAQ: ADTN) reported Q1 EPS of $0.14, $0.06 better than the analyst estimate of $0.08. Revenue for the quarter came in at $142.2 million versus the consensus estimate of $141.07 million.
ADTRAN Chief Executive Officer Tom Stanton stated, ADTRAN delivered a solid performance this quarter... More
