AdtranADTN
Market Cap: $416M
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 Q2 SEC filings by fund managers ($100M+ AUM)
27% more call options, than puts
Call options by funds: $1.14M | Put options by funds: $899K
20% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 51
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
6.96% less ownership
Funds ownership: 82.67% [Q1] → 75.7% (-6.96%) [Q2]
8% less funds holding
Funds holding: 169 [Q1] → 155 (-14) [Q2]
11% less capital invested
Capital invested by funds: $354M [Q1] → $315M (-$39.2M) [Q2]
29% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 48
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Needham Ryan Koontz 37% 1-year accuracy 26 / 71 met price target | 52%upside $8 | Buy Reiterated | 8 Aug 2024 |
Rosenblatt Mike Genovese 53% 1-year accuracy 19 / 36 met price target | 14%upside $6 | Neutral Maintained | 7 Aug 2024 |
Financial journalist opinion
Based on 11 articles about ADTN published over the past 30 days